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CARMELOBAER24IN
Answered

Find the future value of the general annuity with an annual payment of P12,500 and an interest rate

of 10.5% compounded semi-annually for 6 years.​

Sagot :

SANTIAGOPHILLISAMAEIN

Answer:

F= P23,098.04734

Ic= P 10,598.04734

Step-by-step explanation:

P= P 12,500.00

t= 6yrs.

m= 2 (compounded semi annually)

i= 10.5% / .105

j= i/m

= .105/2

= .0525

n=mt

= 2(6)

=12

F=P(1+j)^n

F= P12,500.00 (1+ .0525)^12

= P 23,098.04734

Ic= F-P

= P 23,098.04734- P12,500.00

= P 10,598.04734

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