SOLUTION: A couple pays $200 at the end of each 6 months for 3 years into an ordinary annuity paying 4% compounded semiannually. What is the future value at the end of 3 years? (Round your f
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Question 1127920: A couple pays $200 at the end of each 6 months for 3 years into an ordinary annuity paying 4% compounded semiannually. What is the future value at the end of 3 years? (Round your final answer to two decimal places.)
Answer by ikleyn(52858) (Show Source): You can put this solution on YOUR website!
.
FV = = $1261.62.
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- Ordinary Annuity saving plans and geometric progressions
- Solved problems on Ordinary Annuity saving plans
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