Use Table 12-2 from Your Text to Find How Much

question 54

Multiple Choice

Use Table 12-2 from your text to find how much should be deposited now at 8% interest, compounded semiannually, to yield an annuity payment of $400 at the BEGINNING of each six months, for 2 years.

• A) $1,510.04
• B) $1,110.04
• C) $1,451.96
• D) $1,354.22

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