An annuity earning 3.5% compounded semiannually has a present value of $50,000. How many payments of $3425.81

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An annuity earning 3.5% compounded semiannually has a present value of $50,000. How many payments of $3425.81 at the end of every six months will the annuity sustain?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:00 AM

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An annuity earning 3.5% compounded semiannually has a present value of $50,000. How many payments of $3425.81

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Given The annuity consists of 17 semiannual pay...View the full answer

Fundamentals Of Business Mathematics In Canada

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