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.

A
$210,912.00

B
$439,372.27

C
$55,757.13

D
$64,372.27

Question

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.

A
$210,912.00

B
$439,372.27

C
$55,757.13

D
$64,372.27

anonymous · Answer

im not sure how to put it in the formula can someone give me the formula please?