How much money must be invested now at $5 \%$
per year, compounded semi-annually, to fund an annuity of $14$
semi-annual payments of $\$ 100$
each, the first payment being six months after the initial investment?

Question

How much money must be invested now at $5 \%$ 
per year, compounded semi-annually, to fund an annuity of $14$ 
semi-annual payments of $\$ 100$ 
each, the first payment being six months after the initial investment?

Quizplus · Accepted Answer

The Answer of How much money must be invested now at $5 \%$ 
per year, compounded semi-annually, to fund an annuity of $14$ 
semi-annual payments of $\$ 100$ 
each, the first payment being six months after the initial investment?

How Much Money Must Be Invested Now At 5%5 \%5% Per Year, Compounded Semi-Annually, to Fund an Annuity Of

How Much Money Must Be Invested Now At $5 \%$ Per Year, Compounded Semi-Annually, to Fund an Annuity Of