question archive Robert wants to have an annuity payment of $800, at the end of each six months
Robert wants to have an annuity payment of $800, at the end of each six months
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Robert wants to have an annuity payment of $800, at the end of each six months. Use the appropriate formula to find how much he should deposit (in $) now at 6% interest, compounded semiannually, to yield this payment for 18 years. (Round your answer to the nearest cent.)
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