If you have a 12-year annuity paying $349 monthly beginning in 2 years when interest is 3.53% compounded semi-annually, what is the number of missed payments? Treat the deferred annuity as an annuity due with the first annuity payment at the 2-year mark.

Answer rating: 100% (QA)

Step 1 Annuity Due refers to the annuity wherein the payment begins at the beg... View the full answer