Can I please get help with this question on future value of annuities? I also am really confused on how to do the table of values.

D

Step-by-step explanation:

I've attached one of those tables below

I'm going to solve this using the FV annuity formula

where i is the effective rate of interest

r is the payment

n is the number of periods

to find the effective rate of interest we need to divide .08/2 (because the interest is compounding once every six months)

and the number of periods is 4*2 (because there are two periods a year(

which is equal to D

To use the table go to the effective rate of interest (4%) and then number of periods (8)

The number is 9.2142

mulitply that by the payment (1500) and get 13821.3 (D)

*the reason that the answers are slightly different is because the annuity table rounded whereas in the formula it was more exact*

step-by-step explanation:

the answer is 128

step-by-step explanation: