Parth bought an annuity to pay him $2500 00 at the end of every six months for twenty years How much of the total annuity payments is interest, if interest is 4 5 p a compounded semi annually ...

Parth bought an annuity to pay him $2500.00 at the end of every six months for twenty

Question:

Parth bought an to pay him $2500.00 at the end of every six months for twenty years. How much of the total payments is interest, if interest is 4.5% p.a. compounded semi-annually?
Annuity
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,...