Find the amount of an annuity that consists of 20 semiannual payments of $500 each into an account that pays 6% interest per year, compounded semiannually.

38+105= 143, 39+104=143, and you will find then adding the numbers on opposite sides, moving inwards yields the answer 138 every time. because of this, you’re going to multiply 138 times the number of pairs, which is 34. therefore, 34*138= 4692(i’m sorry if it’s the wrong numbers, but it’s the right concept)

It says in the questions that it is 6.5?