Question: Wynn deposits $ 4 7 , 0 0 0 into an annuity that earns 5 % interest compounded annually, and which generates payments at the

Wynn deposits $47,000 into an annuity that earns 5% interest compounded annually, and which generates payments at the end of each half year for 4 years. Answer the following questions. For full marks your answer(s) should be rounded to the nearest cent.
How much is the semi-annual payment?
How much of the 2nd payment comes from the annuity's principal?
How much of the 6th payment comes from interest?
How much of the payments in the first year will come from the annuity's principal?
How much of the payments in the second year will come from interest on the annuity?

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