1. Twice a year for 15 years, Warren Ford invested $1,700 compounded semi-annually at 6% interest. What...
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1. Twice a year for 15 years, Warren Ford invested $1,700 compounded semi-annually at 6% interest. What is the value of this annuity date?
2. Scupper Molly invested $1,800 semiannually for 23 years at 8% interest compounded semiannually. What is the value of this annuity due?
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
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