Answer:
Greater than 4.256
Step-by-step explanation:
Because 24 is a whole number and so is the 4 in 4.256. So Because 24 is larger than 4 it is automatically greater than 4
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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
