Find the future value of an annuity due of $7,000 paid at the beginning of each 6-month period for 8 years if the interest rate
1 answer:
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ANSWER
The correct answer is B
EXPLANATION
The given exponential expression is
We can rewrite this as,
We need to simplify to obtain a positive index, so we apply the following property,
This implies that,
This will finally simplify to,
Therefore the correct answer is B
The correct answer is B
EXPLANATION
The given exponential expression is
We can rewrite this as,
We need to simplify to obtain a positive index, so we apply the following property,
This implies that,
This will finally simplify to,
Therefore the correct answer is B