For $200,000, Jamal purchased an annuity that delivers end-of-quarter payments of $3341.74. If the funds in the
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For $200,000, Jamal purchased an annuity that delivers end-of-quarter payments of $3341.74. If the funds in the annuity earn 4.5% compounded quarterly, what is the term of the annuity?
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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