Mathematics, 04.08.2020 14:01 jorgelive5870
Find the value of annuity if the periodic deposit is $1500 at 8% compounded semiannually for 22 years
Answers: 1
![P_v = P * [1 - (1 + \frac{r}{n} )^{-t * n} ] * [\frac{(1 + \frac{r}{n} )}{ \frac{r}{n} } ]](/tpl/images/0717/1393/e1026.png)
(reference EDUCBA website)![P_v = 1500 * [1 - (1 + \frac{0.08}{2} )^{-22 * 2} ] * [\frac{(1 + \frac{0.08}{2} )}{ \frac{0.08}{2} } ]](/tpl/images/0717/1393/807e7.png)
![P_v = 1500 * [1 - (1.04 )^{-44} ] * [\frac{(1.04 )}{0.04} ]](/tpl/images/0717/1393/c04da.png)
![P_v = 1500 * [1 - 0.178 ] * [\frac{(1.04 )}{0.04} ]](/tpl/images/0717/1393/777f5.png)
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Find the value of annuity if the periodic deposit is $1500 at 8% compounded semiannually for 22 year...
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