Respuesta :
The value of the annuity due is $39,744.48.
A=P(1 + r/n)^nt
= 1600 (1+10/2)^8x2
= $39,744.48.
An annuity is an extended-term investment that is issued through an insurance organization and is designed to assist defend you from the danger of outliving your profits. via annuitization, your buy bills (what you make a contribution) are converted into periodic bills that may final for existence.
In funding, an annuity is a series of bills made at same periods. Examples of annuities are ordinary deposits to a savings account, month-to-month domestic loan payments, month-to-month insurance payments and pension bills. Annuities can be categorised by means of the frequency of fee dates.
Annuities are basically coverage contracts. You pay a hard and fast amount of money today, or through the years, in exchange for a lump-sum payment or stream of profits in the destiny. The sort of annuity and the info of the unique annuity can decide the payouts you will receive.
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