Find the future value of an annuity due of $650 semiannually for four years at 8% annual interest compounded semiannually. What is the total investment? What is the interest? E Click the icon to view the Future Value of $1.00 Ordinary Annuity table. The future value is $ 6228.82 . (Round to the nearest cent as needed.) The total investment was S and the earned interest was S (Round to the nearest cent as needed.)

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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Rate per period
Periods 3.00%
1.000
3.50%
7.00%
4.00%
1.000
2.040
4.50%
5.00%
5.50%
1.000
6.00%
6.50%
1
1.000
1.000
1.000
1.000
2.045
3.137
1.000
1.000
2.055
3.168
2.050
2.065
3.199
2.070
2.030
3.091
2
2.035
3.106
2.060
3.122
4.246
5.416
6.633
3
3.153
3.184
3.215
4.
4.184
4.215
4.278
4.310
4.342
4.375
5.637
6.975
4.407
5.694
7.064
4.440
5.751
7.153
5
5.309
5.362
5.471
5.526
5.581
6.
6.468
6.550
6.717
6.802
6.888
7.779
9.052
7
7.662
8.267
7.898
9.214
10.368 10.583
12.006
13.486
15.026 15.464
16.627
8.019
9.380
10.802
8.142
8.394
9.897
8.523
10.077
11.732
8.654
10.260
11.978
13.816
15.372 15.784
17.888
8
8.892
10.159
11.464
9.549
9.722
9
11.027
11.256
11.491
10
11.731
12.288
12.578
12.875
13.181
13.494
11
12.808
13.142
13.841
14.207
14.583
14.972
12
14.192
14.602
17.371
16.386
18.287
19.599 20.293 21.015
15.917
16.870
13
15.618
16.113
17.160
17.713
18.882
19.500
20.141
14
17.086
17.677
18.292
18.932
21.767 22.550
100
102
Transcribed Image Text:Rate per period Periods 3.00% 1.000 3.50% 7.00% 4.00% 1.000 2.040 4.50% 5.00% 5.50% 1.000 6.00% 6.50% 1 1.000 1.000 1.000 1.000 2.045 3.137 1.000 1.000 2.055 3.168 2.050 2.065 3.199 2.070 2.030 3.091 2 2.035 3.106 2.060 3.122 4.246 5.416 6.633 3 3.153 3.184 3.215 4. 4.184 4.215 4.278 4.310 4.342 4.375 5.637 6.975 4.407 5.694 7.064 4.440 5.751 7.153 5 5.309 5.362 5.471 5.526 5.581 6. 6.468 6.550 6.717 6.802 6.888 7.779 9.052 7 7.662 8.267 7.898 9.214 10.368 10.583 12.006 13.486 15.026 15.464 16.627 8.019 9.380 10.802 8.142 8.394 9.897 8.523 10.077 11.732 8.654 10.260 11.978 13.816 15.372 15.784 17.888 8 8.892 10.159 11.464 9.549 9.722 9 11.027 11.256 11.491 10 11.731 12.288 12.578 12.875 13.181 13.494 11 12.808 13.142 13.841 14.207 14.583 14.972 12 14.192 14.602 17.371 16.386 18.287 19.599 20.293 21.015 15.917 16.870 13 15.618 16.113 17.160 17.713 18.882 19.500 20.141 14 17.086 17.677 18.292 18.932 21.767 22.550 100 102
Find the future value of an annuity due of $650 semiannually for four years at 8% annual interest compounded semiannually. What is the total investment? What is the interest?
E Click the icon to view the Future Value of $1.00 Ordinary Annuity table.
The future value is $ 6228.82 . (Round to the nearest cent as needed.)
The total investment was S and the earned interest was S
(Round to the nearest cent as needed.)
Transcribed Image Text:Find the future value of an annuity due of $650 semiannually for four years at 8% annual interest compounded semiannually. What is the total investment? What is the interest? E Click the icon to view the Future Value of $1.00 Ordinary Annuity table. The future value is $ 6228.82 . (Round to the nearest cent as needed.) The total investment was S and the earned interest was S (Round to the nearest cent as needed.)
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