Princesscxrinne
Princesscxrinne Princesscxrinne
  • 01-05-2018
  • Mathematics
contestada

Find the amount of annuity.

Amount of each deposit:$6200
Deposited: semiannually
Rate per year: 6%
Number of years:5
Type of annuity: ordinary

Respuesta :

philipscaster83
philipscaster83 philipscaster83
  • 01-05-2018
6,200×(((1+0.06÷2)^(2×5)
−1)÷(0.06÷2))
=71,076.05
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