A deferred ordinary annuity is comprised of eight annual payments of $1500. What is the period of
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Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
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Given PMT 1500 i 79 n 18 8 and PV 638365 At a focal ...View the full answer
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