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Wynn deposits $ 4 7 , 0 0 0 into an annuity that earns 5 % interest compounded annually, and which generates payments at the
Wynn deposits $ into an annuity that earns interest compounded annually, and which generates payments at the end of each half year for years. Answer the following questions. For full marks your answers should be rounded to the nearest cent.
How much is the semiannual payment?
How much of the nd payment comes from the annuity's principal?
How much of the th payment comes from interest?
How much of the payments in the first year will come from the annuity's principal?
How much of the payments in the second year will come from interest on the annuity?
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