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| rev | Admin | (Created page with "'''Solution: C''' The accumulated value is <math display = "block">1000 \ddot{s}_{\overline{20}|0.0816}=50,382.16.</math> This must provide a semi-annual annuity-due of 3000. Let n be the number of payments. Then solve <math display = "block">3000 \ddot a_{\overline{n}|0.04} = 50,382.16</math> for <math>n = 26.47</math>. Therefore, there will be 26 full payments plus one final, smaller, payment. The equation is <math display = "block">50,382.16 = 3000 \ddot a_{\over...") | Nov 18'23 at 23:08 | +730 |