What is the future value of the annuity? Regular Payment $2500 every 6 months Rate of Compound Interest per Year 4.4% Compounding Period semi-annually Time 15 years

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 5E
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Unit 8 Quest (110)
X
Sf8ziezOsWz6j9T7OGVQSHI-6ls9bQrlQevfkKxle-RtQ3Rlg/formResponse
Question 5: *
What is the future value of the annuity?
Regular Payment
Time
Compounding
Period
semi-annually
15 years
$2500 every 6 months
$104 658.84
a.
$29 658.84
$149 958.85
b.
$75 000.00
a
Rate of Compound
Interest per Year
4.4%
C.
d.
Transcribed Image Text:Unit 8 Quest (110) X Sf8ziezOsWz6j9T7OGVQSHI-6ls9bQrlQevfkKxle-RtQ3Rlg/formResponse Question 5: * What is the future value of the annuity? Regular Payment Time Compounding Period semi-annually 15 years $2500 every 6 months $104 658.84 a. $29 658.84 $149 958.85 b. $75 000.00 a Rate of Compound Interest per Year 4.4% C. d.
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