Mathematics, 03.12.2019 11:31 AT3P
Is the amount of a $3,000.00 annuity due at 12 percent compounded semiannually for 3 years
Answers: 3
![PV=C*[\frac{1-(1+i)^{-n}}{i}]*(1+i)](/tpl/images/0400/9850/e8328.png)
![PV=3000*[\frac{1-(1+0.12)^{-6}}{0.12}]*(1+0.12)=3000*[\frac{1-0.5066}{0.12}]*1.12=](/tpl/images/0400/9850/29c3e.png)
![=3000*[\frac{1-0.5066}{0.12}]*1.12=3000*4.1114*1.12=13814.32](/tpl/images/0400/9850/e74f9.png)
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Is the amount of a $3,000.00 annuity due at 12 percent compounded semiannually for 3 years...
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