Question: 52 Simple and general annuities (LO 5] A simple annuity of $300 per quarter is to be replaced by annual payments (the payments to be

52 Simple and general annuities (LO 5] A simple annuity of $300 per quarter is to be replaced by annual payments (the payments to be made at th end of each year). What will be the annual payments if the nominal interest rate is 6 per cent per annum

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