suppose you have an investment account that pays 5.5%/a compounded semi-anually. You wish to withdraw $350 every
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suppose you have an investment account that pays 5.5%/a compounded semi-anually. You wish to withdraw $350 every 6months for 3 years. What is the present value of the annuity?
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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