Author Question: Use Table 12-2 in your text to find how much should be deposited now at 8 interest, compounded ... (Read 55 times)

HudsonKB16 · **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