Mathematics, 06.09.2021 20:30 thil3746

Suppose an annuity pays 6% annual interest, compounded semi-annually. You invest in this annuity by contributing $4,500 semiannually for 6 years. What will the annuity be worth after 6 years? Assume that the annuity is compounded with the same frequency as deposits are made unless stated otherwise.

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Suppose an annuity pays 6% annual interest, compounded semi-annually. You invest in this annuity by...

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