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 up
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 6.42%, compounded semiannually?
Solve the problem. (Round your answer to the nearest cent.)
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
4th Edition
1119835550, 978-1119835554
