Zoe deposits $50,000 into an annuity that earns 4.5% interest compounded quarterly, and...
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Zoe deposits $50,000 into an annuity that earns 4.5% interest compounded quarterly, and which generates payments at the end of each half year for 6 years. Answer the following questions. For full marks your answer(s) should be rounded to the nearest cent. a) How much is the semi-annual payment? b) How much of the 3rd payment comes from the annuity's principal? c) How much of the 6th payment comes from interest? d) How much of the payments in the first year will come from the annuity's principal? e) How much of the payments in the fourth year will come from interest on the annuity
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Zoe deposits $50,000 into an annuity that earns 4.5% interest compounded quarterly, and which generates payments at the end of each half year for 6 years. Answer the following questions. For full marks your answer(s) should be rounded to the nearest cent. a) How much is the semi-annual payment? b) How much of the 3rd payment comes from the annuity's principal? c) How much of the 6th payment comes from interest? d) How much of the payments in the first year will come from the annuity's principal? e) How much of the payments in the fourth year will come from interest on the annuity 