Question
John is investing $1,000 at the end of every six months for two years. John was able to invest the money at 8% compounded semi-annually.
John is investing $1,000 at the end of every six months for two years. John was able to invest the money at 8% compounded semi-annually. Calculate the annuity's future value at the end of the two years?
| a) $4,506.11 | ||
| b) $4,320.00 | ||
| c) $4,246.46 | ||
| d) $4,040.18 |
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Banking Secrecy And Global Finance
Authors: Donato Masciandaro, Olga Balakina
1st Edition
1137400099, 978-1137400093
