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13 January, 05:40

Find the amount of annuity.

Amount of each deposit:$6200

Deposited: semiannually

Rate per year: 6%

Number of years:5

Type of annuity: ordinary

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Answers (1)
  1. 13 January, 08:54
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    6,200 * (((1+0.06:2) ^ (2*5)

    -1) : (0.06:2))

    =71,076.05
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