Mathematics, 20.12.2019 05:31 billydeck30
Billy and mandy eastwood recently divorced, and mandy has custody of their 5-year-old daughter. as part of the divorce settlement, billy must pay mandy $3,000 at the end of each half year until their daughter reaches age 16. billy decides to put a lump sum into an account with a guaranteed yield of 5% compounded semiannually. find the lump sum deposit he must make today to equal the balance of the annuity after 13 years.
$56,851.83
$108,035.12
$153,340
$281,807.19
Answers: 2
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