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judd judd
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5 years ago
____ is the amount of a $ 3000 annuity due at 12% compounded semi-annually for 3 years
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5 years ago
____ is the amount of a $3000 annuity due at 12% compounded semi-annually for 3 years

Remember what an annuity is: it is a series of payments made at equal intervals. So, we're being asked, what dollar amount have you burrowed (think of mortgages), where you're paying it off $3000 at a time given 12% interest (semi-annually) for 3 years.
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