
Yefim S. answered 10/25/20
Math Tutor with Experience
i = 7.2%/2 = 3.6%; n = 2t = 18. I use Fin Solver in TI-84 and get FV = $ 66,754.50
Jerry N.
asked 10/25/20Find i (the rate per period) and n (the number of periods) for the following annuity.
Semiannual deposits of $2,700 are made for 9 years into an annuity that pays 7.2% compounded semiannually.
i= ________ (Type an integer or a decimal.)
Yefim S. answered 10/25/20
Math Tutor with Experience
i = 7.2%/2 = 3.6%; n = 2t = 18. I use Fin Solver in TI-84 and get FV = $ 66,754.50
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Jerry N.
wrong.10/26/20