Question: please explain by steps, dont use MS excel. thank you c. The accumulated value at the end of year 15 of an annuity that pays
please explain by steps, dont use MS excel. thank you
c. The accumulated value at the end of year 15 of an annuity that pays 1 at the end of year 1, 3 at the end of year 2,5 at the end of year 3, and so on with a final payment amount of 13. The nominal interest rate is 7.2% compounded semi- annually. (5 points)
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