If $85,000 is invested in an annuity that earns 5.4%, compounded quarterly, what payments will it provide at the end of each quarter for the next 9 1 2 years? (Round your answer to the nearest cent.) $
If $85,000 is invested in an annuity that earns 5.4%, compounded quarterly, what payments will it provide at the end of each quarter for the next 9 1 2 years? (Round your answer to the nearest cent.) $
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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If $85,000 is invested in an annuity that earns 5.4%, compounded quarterly, what payments will it provide at the end of each quarter for the next
9
1 |
2 |
years? (Round your answer to the nearest cent.)
$
Find the present value of an annuity of $8000 paid at the end of each 6-month period for 2 years if the interest rate is 8%, compounded semiannually. (Round your answer to the nearest cent.)
$
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