Question
Raisel deposits $46,000 into an annuity that earns 7.25% interest compounded annually, and which generates payments at the end of each half year for 4
Raisel deposits $46,000 into an annuity that earns 7.25% interest compounded annually, and which generates payments at the end of each half year for 4 years. Answer the following questions. For full marks your answer(s) should be rounded to the nearest cent.
How much is the semi-annual payment?
Payment = $0.00
How much of the 3rd payment comes from the annuity's principal?
Principal = $0.00
How much of the 4th payment comes from interest?
Interest = $0.00
How much of the payments in the second year will come from the annuity's principal?
Principal = $0.00
How much of the payments in the first year will come from interest on the annuity?
Interest = $0.00
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