An annuity that earns 5.3% compounded monthlywas purchased for $331958. The annuity is scheduled to provide payment
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An annuity that earns 5.3% compounded monthlywas purchased for $331958. The annuity is scheduled to provide payment of $3202 at the end of each month. What will be the term of the annuity? (Include the final, smaller annuity payment in the total.)
State total months as a number, not years and months
What is N
What is I/y
What is C/y
What is P/y
What is P/v
What is Pmt
What is FV
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date: