Solution-Find the annual interest for linda to purchase the

Find the annual interest for linda to purchase the boat

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Reference no: EM131627822

Question: 1. What is the present value of a semiannual ordinary annuity of $2,500 for seven years at 6% annual interest compounded semiannually?

2. Linda Zuk wants to save $25,000 for a new boat in six years. How much must be put aside in equal payments each year in an account earning 6% annual interest for Linda to be able to purchase the boat?

Reference no: EM131627822

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Find the annual interest for linda to purchase the boat

Reference no: EM131627822

Reference no: EM131627822

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