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Find the future value of an annuity due of $1,000 semiannually for four years at 7% annual interest compounded semiannually. What is the total investment?
Find the future value of an annuity due of $1,000 semiannually for four years at 7% annual interest compounded semiannually. What is the total investment? What is the interest? Click the icon to view the Future Value of $1.00 Ordinary Annuity table. The future value is $9,368,82. (Round to the nearest cent as needed.) The total investment was $8000 and the earned interest was $1,368.82, (Round to the nearest cent as needed.)
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