# Business Finance

posted by
**Renee** on
.

How much must be deposited now, at 6% interest compounded semiannually, to yield an annuity payment of $4000 at the end of each six month period, for a total of five years?

posted by
**Renee** on
.

How much must be deposited now, at 6% interest compounded semiannually, to yield an annuity payment of $4000 at the end of each six month period, for a total of five years?