Use Table 12-2 in your text to find how much should be deposited ...

[HudsonKB16]

Use Table 12-2 in your text to find how much should be deposited now at 8 interest, compounded semiannually, to yield an annuity payment of 400 at the END of each 6 months, for 1 year.
 A) 859.24
  B) 754.44
  C) 645.59
  D) 923.72

Question 2

Suppose that your bank pays 10 interest, compounded semiannually. Use Table 12-2 of your text to find how much should be deposited now to yield an annuity payment of 400 at the END of every six months, for 4 years.
 A) 2,585.28
  B) 3,819.64
  C) 1,267.95
  D) 1,856.40

[raili21]

Answer to Question 1

B

Answer to Question 2

A

[HudsonKB16]

Gracias!

[carlsona147]

Thanks for the timely response, appreciate it