Answer:
the amount of a $3,000.00 annuity due at 12 percent compounded semiannually for 3 years. A. $334,321.00 B. $43,068.93 C. $22,180.50 D. $41,814.50
The amount of the annuity due in 23 years with 8% of interest compounded semiannually is $62053.35.
Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.
Scupper Molly invested $1,800 semiannually for 23 years at 8% interest compounded semiannually.
Then the amount of the annuity due will be
[tex]\rm A = 1800 (1 + 0.08)^{2\times 23}\\\\A = 1800 (1.08)^{46}\\\\A = 1800 \times 34.474\\\\A = 62053.35[/tex]
More about the compound interest link is given below.
https://brainly.com/question/25857212
