find the amount of an annuity that pay P1650 at the end of each 6 months for 6 years if money is worth 10% compounded semiannually.

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Guest Dec 5, 2014

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Best Answer

YOU WANT THE PRESENT VALUE OF An ORDIONARY ANNUITY FORMULA

C=1650, i=0.1/2=0.05, n=6*2=12 half years

And you should be able to take it from there :)

Melody Dec 5, 2014

Melody · Answer 1 · 2014-12-05T05:03:39

YOU WANT THE PRESENT VALUE OF An ORDIONARY ANNUITY FORMULA

C=1650, i=0.1/2=0.05, n=6*2=12 half years

And you should be able to take it from there :)