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
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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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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