Funding an Annuity How much money must be invested now at per year, compounded semiannually, to fund an annuity of payments of each, paid every months, the first payment being months from now?
The amount of money that must be invested at per year, compounded semiannually.
The interest per year is,
Number of semiannual payments is,
The payment is,
The present value of an annuity consisting of regular payments of size and interest rate
is given by,
The interest per year compounded semiannually is given by,
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