terrichichester-BU250-unit8-quiz-question-redo - investment...

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The amount of interest on an ordinary annuity of $11,600 for 5 years at 8% compounded semiannually PMT=  $11,600  N = 10 I  = 0.04 FV = $139,270.84  The interest would be FV - Investment
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Unformatted text preview: investment $11,600*10 = $116,000.00 FV -investment = interest $139,270.84 $116,000.00 $23,270.84 ly is?...
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This note was uploaded on 05/16/2011 for the course BUS 250 taught by Professor Barrie during the Spring '10 term at Kaplan University.

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terrichichester-BU250-unit8-quiz-question-redo - investment...

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