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Author Question: Use Table 12-2 in your text to find how much should be deposited now at 8 interest, compounded ... (Read 85 times)

HudsonKB16

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on: Jun 24, 2018
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


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raili21

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

A


HudsonKB16

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

lindahyatt42

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Reply 3 on: Yesterday
Excellent

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