What duration of annuity paying $5000 at the end of every quarter can be purchased with $200,000

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What duration of annuity paying $5000 at the end of every quarter can be purchased with $200,000 if the invested funds earn 3.5% compounded semiannually? Include the final, smaller annuity payment in the total.

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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 04:56 AM

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What duration of annuity paying $5000 at the end of every quarter can be purchased with $200,000

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Fundamentals Of Business Mathematics In Canada

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