a Use the appropriate formula to find the value of the

Last updated: 10/19/2023

a Use the appropriate formula to find the value of the annuity b Find the interest Periodic Deposit 90 at the end of every six months iClick the icon to view some finance formulas Rate Time 6 5 compounded semiannually 40 years a The value of the annuity is Do not round until the final answer Then round to the nearest dollar as needed b The interest is Use the answer from part a to find this answer Round to the nearest dollar as needed x m W SO ty is hal a rt a www Formulas In the provided formulas P is the deposit made at the end of each compounding period r is the annual interest rate of the annuity in decimall is the number of compounding periods per year and A is the value of the after t years P 1 0 1 P A 1 A A C P A