I need help with a homework problem There is a life insurance pay policy which has the
Fantastic news! We've Found the answer you've been seeking!
Question:
I need help with a homework problem
There is a life insurance pay policy which has the option of receiving a lump- sum payment of $500,000 or 24 equal payments for every 6 moths, where the frist payment is due at once. If interest is at 4.8% compounded semiannually. find the semi- annual payment.
Posted Date: