Saturday
November 1, 2014

Homework Help: Math

Posted by Anonymous on Tuesday, November 27, 2007 at 9:52am.

please check my answer thanks :)

How much money must be deposited now, at 6% interest compounded semiannually to yield an annuity payment of $4,000 at tha beginning of each six-month period,for a total of five years? Round your answer to the nearest cent.

A. $38,120.80
B. $35,144.44
C. $29,440.36

My answer is D

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - please check my answer thanks :) How much money must be deposited now at ...
Math - please explian how to figure this out thanks :) How much money must be ...
Business Finance - How much must be deposited now, at 6% interest compounded ...
williams pkwy - how much money must be deposited now @ 6 % interest compounded ...
Business finance - How much money must be deposited now, at 6% interest ...
Business Finance - How much must be deposited now, at 6% interest compounded ...
MATH HOMEWORK HELP PLEASE ANSWER - Lee Holmes deposited $15,000 in a new savings...
math - Jim wants to deposit money in an account to save for a new stereo system ...
math - Jacob Fonda deposited $25,000 in a savings account at 10% interest ...
Business Math - Shelley Katz deposited $30,000 in a savings account at 5% ...

Search
Members