What is the value of an annuity at the end of 10years if $1,000 is deposited every six months into an account earning 8% compounded semi annually? How much of this value is interest?
What is the value of an annuity at the end of 10years if $1,000 is deposited every six months into an account earning 8% compounded semi annually? How much of this value is interest?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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