Mathematics, 19.07.2021 20:50 Masielovebug
Sam deposits $200 at the end of every 6 months in an account that pays 8%, compounded semiannually. How much will he have at the end of 4 years?
(a) State whether the problem relates to an ordinary annuity or an annuity due.
ordinary annuity
annuity due
(b) Solve the problem. (Round your answer to the nearest cent.)
$
Answers: 1
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Sam deposits $200 at the end of every 6 months in an account that pays 8%, compounded semiannually....
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