You deposit $7,500 into a savings plan at the end of every six months. The interest rate is 4% compounded semiannually. Find the value of the annuity after 4 years. Do not round until the final answer. Then, round to the nearest cent.

Question

anonymous · Answer

$64350.. correct?

anonymous · Answer

Those are the choices
 A $210,912.00
B $439,372.27
C $55,757.13
D $64,372.27

anonymous · Answer

ans D.. just use d same face value formula.. but take r as r/2, t as 2T sinces compounding done semiannualy

anonymous · Answer

do u hav answers.. is D correct?

anonymous · Answer

I don't know  I will find out at the end of homework , it's kind of  an online class 10 questions  at the end of the 10 question they tell you if you passed or failed I'm on question 2 right now so I still have a long way to go But thank's I'll let u know once i finished  the homework

anonymous · Answer

okey.. thank u :)