Business finance

posted by .

How much money must be deposited now, at 6% interest compounded semiannually, to yield an annunity payment of $4000 at the end of each six month period, for a totl of five years? Round to the nearest cent

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math

    please explian how to figure this out thanks :) How much money must be deposited now at 6% interest compounded semi-annually, to yelid an annuity payment of $4,000 at the beginning of each six-month peroid for a total of five years …
  2. Math

    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 the beginning of each six-month period for a total of five years answer needs to …
  3. Math

    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?
  4. business math 205

    Calculate the future of the following Ordinary Annuities. Round to the Nearest cent when necessary. Annunity Payment ($3,000) Payment Frequency Every (6) Months Time Period (years) 10 Interest Compounded (Semiannually) Future Value …
  5. business math 205

    Calculate the future ANNUITIES DUE. Round to the nearest cent when necessary. Annunity Payment:($3,000)Payment Frequency: Every (6) months Time Period Yrs: (5) Nominal Rate%: (10)Interest Compounded: Semiannually Future Value Of The …
  6. Business Finance

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

    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?
  8. williams pkwy

    how much money must be deposited now @ 6 % interest compounded semi annually to yield an annuity payment of $ 4000 at the end of each six month period for a total of five years
  9. Finance

    In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. How much must you invest each month in a mutual fund yielding 13.5% compounded monthly to …
  10. math

    suppose that your bank pays 10% interest, compounded semiannually. Use table 12-2 of your text to find how much should be deposited now to yield an annuity payment of $400 at the end of every six months, for 4 years.

More Similar Questions