Question

jim promised to pay his son $200 semiannually for 6 years. jim can invest his money at 8% in an ordinary annuity. how much must Jim invest today to be able to pay his son $200 semiannuallt for 6 years?

Answer 1

I’m I’m in sixth grade I haven’t learned how to do this yet I’m srry if this was not a good answer

Answer 2

I’m I’m in sixth grade I haven’t learned how to do this yet I’m srry if this was not a good answer