Ask Question
17 May, 12:47

At the beginning of each year, Bill Ross invests $1,400 semiannually at 8% for nine years. The cash value of the annuity due at the end of the ninth year is

+4
Answers (1)
  1. 17 May, 14:17
    0
    8% of 1,400 is 112. Semiannually is twice a year.

    112 * 18 = 2,016

    cash value = 2,016 + 1,400 = 3,416
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “At the beginning of each year, Bill Ross invests $1,400 semiannually at 8% for nine years. The cash value of the annuity due at the end of ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers