Question
Uptown Insurance offers an annuity due with semiannual payments for 25 years at 6 percent interst. the annuity costs $200,000 today. What is the amount
Uptown Insurance offers an annuity due with semiannual payments for 25 years at 6 percent interst. the annuity costs $200,000 today. What is the amount of each annuity payment?
A. $7,546.70
B. $7,600.00
C. $7,773.10
D. $7,800.00
E. $7,856.25
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Principles Of Managerial Finance
Authors: Chad J. Zutter, Scott Smart
16th Edition
0136945880, 978-0136945888
