Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Ask your questions and receive precise answers from experienced professionals across different disciplines. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Find the future value of an annuity due of $7,000 paid at the beginning of each 6-month period for 8 years if the interest rate is 8%, compounded semiannually. (Round your answer to the nearest cent.)

Sagot :

Mya926

Answer: Im not sure but i think its 120,960

Step-by-step explanation: i know that there is 2 of the 6-month periods in a year and multiplied that by 8 and got 16. Then i did 7000x.08=560 and then i added that to 7000 and got 7560. FInally i multiplied that by 16 and got 120,960.

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.