Question
How much interest is included in the future value of an ordinary simple annuity of $1,150 paid every six months at 10% compounded semi-annually if
How much interest is included in the future value of an ordinary simple annuity of $1,150 paid every six months at 10%
compounded semi-annually if the term of the annuity is 5 years?
The interest is__
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Data Analytics for Accounting
Authors: Vernon Richardson
1st edition
1260375196, 9781260375183 , 978-1260375190
