Question: 1. [-/1 Points] DETAILS TANAPMATH7 4.2.002. Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $1000/semiannual period for

 1. [-/1 Points] DETAILS TANAPMATH7 4.2.002. Find the amount (future value)

1. [-/1 Points] DETAILS TANAPMATH7 4.2.002. Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $1000/semiannual period for 7 years at 4.5%/year compounded semiannually Need Help? Read It Watch It 2. [-/1 Points] DETAILS TANAPMATH7 4.2.011. Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $1100/semiannual period for 8 years at 2%/year compounded semiannually Need Help? Read It Watch It

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!