Identify the type of annuity according to duration, payment interval and interest period, and time of...

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Identify the type of annuity according to duration, payment interval and interest period, and time of payment. Suppose your parents decided to give you P150,000 to be put in a college trust fund that will be paid equally at the beginning of every 3 months installments over a 5-year period. If they deposited the money into an account paying 1.5% per quarter, how much will you receive per interval? Experts say that the baby boom generation (born 1946-1960) cannot count on a company pension or Social Security benefits to provide a comfortable retirement. It is recommended that they start to save regularly and early. Michael, a baby boomer, has decided to deposit P2000 each month in an account that pays 7.2% compounded monthly for 20 years. According to Duration According to payment interval and interest period According to time of payment Identify the type of annuity according to duration, payment interval and interest period, and time of payment. Suppose your parents decided to give you P150,000 to be put in a college trust fund that will be paid equally at the beginning of every 3 months installments over a 5-year period. If they deposited the money into an account paying 1.5% per quarter, how much will you receive per interval? Experts say that the baby boom generation (born 1946-1960) cannot count on a company pension or Social Security benefits to provide a comfortable retirement. It is recommended that they start to save regularly and early. Michael, a baby boomer, has decided to deposit P2000 each month in an account that pays 7.2% compounded monthly for 20 years. According to Duration According to payment interval and interest period According to time of payment

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According to Duration For the first scenario where you receive equal payments at the b... View the full answer