Find the term of the following ordinary general annuity. State your answer in years and months (from
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Question:
Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months).
Present Value | Periodic Payment | Payment Interval | Interest Rate | Compounding Period |
$10,100 | $335 | month | 12% | quarterly |
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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