Page 1 of 1
Question 2 of 7 Jacob purchased an annuity that had an interest rate of 2.75% compounded semi-annually. It provided him
Posted: Mon Jul 11, 2022 12:02 pm
by answerhappygod
- Question 2 Of 7 Jacob Purchased An Annuity That Had An Interest Rate Of 2 75 Compounded Semi Annually It Provided Him 1 (39.94 KiB) Viewed 42 times
Question 2 of 7 Jacob purchased an annuity that had an interest rate of 2.75% compounded semi-annually. It provided him with payments of $2,000 at the end of every month for 4 years. If the first withdrawal is to be made in 3 years and 1 month, how much did he pay for it? Round to the nearest cent