Find 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.)

Question

Find 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. · Accepted Answer

i = 7.2%/2 = 3.6%; n = 2t = 18. I use Fin Solver in TI-84 and get FV = $ 66,754.50

Find 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.

1 Expert Answer

Still looking for help? Get the right answer, fast.

OR

RELATED TOPICS

RELATED QUESTIONS

CAN I SUBMIT A MATH EQUATION I'M HAVING PROBLEMS WITH?

If i have rational function and it has a numerator that can be factored and the denominator is already factored out would I simplify by factoring the numerator?

how do i find where a function is discontinuous if the bottom part of the function has been factored out?

find the limit as it approaches -3 in the equation (6x+9)/x^4+6x^3+9x^2

prove addition form for coshx

RECOMMENDED TUTORS

Find 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.