Answer:
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Step-by-step explanation:
add a picture
The correct answers are 1. A, 2. C, 3. D, 4. C, 5. A
Answer: 86pi
Step-by-step explanation:
Answer:
1 and 5/6
Step-by-step explanation:
The formula of the future value of annuity ordinary is
Fv=pmt [(1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT payment 6200
r interest rate 0.06
K compounded semiannual 2
N time 5 years
Fv=6,200×(((1+0.06÷2)^(2×5)) ÷(0.06÷2))=277,742.72
Hope it helps
