Question
A company has set up an a annuity will that will pay $44,000.00 at the beginning of every six months for 5.5 years. If the
A company has set up an a annuity will that will pay $44,000.00 at the beginning of every six months for 5.5 years. If the annuity pays 4.4%, compounded semi-annual. What amount was invested for this annuity?
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Step: 1
To calculate the amount invested for the annuity we can use the formula for the present value ...
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
