Question
A company wants to have $30,000 at the beginning of each 6-month period for the next 4 1 2 years. If an annuity is set
A company wants to have $30,000 at the beginning of each 6-month period for the next 4 1 2 years. If an annuity is set up for this purpose, how much must be invested now if the annuity earns 6.65%, compounded semiannually?
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Principles Of Banking
Authors: Allyn C Buzzel
11th Edition
089982689X, 9780899826899
