Question
Nina Jones invests $4000 at the end of each semiannual period (twice per year) for 8 years. His financial advisor told him the funds should
| Nina Jones invests $4000 at the end of each semiannual period (twice per year) for 8 years. His financial advisor told him the funds should earn about 6% compounded semiannually. Determine how much the annuity will be worth at the end of the 8 years.
What values did you use for the calculation: N I/Y PV PMT FV Answer: |
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
