allysonleight allysonleight

21-05-2024
Mathematics

Answered

Determine the value of the annuity for the indicated monthly deposit amount, the number of deposits, and the interest rate.

You will need to determine the value for r to solve this problem. When finding r round to the nearest hundredth.

Deposit amount: $100; total deposits: 120; interest rate: 10%, compounded semi-annually

The value for r is Answer

The value of the annuity is $Answer

Answer :

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