Question: A 2 5 - year annuity was purchased with $ 2 2 5 , 0 0 0 that had accumulated in a Registered Retirement Savings

A 25-year annuity was purchased with $225,000 that had accumulated in a Registered Retirement Savings Plan (RRSP). The annuity provides a semiannually compounded rate of return of 5.2% and makes equal month-end payments. (Round your answers to the nearest cent.) a. What amount of principal will be included in Payment 206? Principal$ b. What will be the interest portion of Payment 187? Interest$ c. How much will Payments 50 to 100 inclusive reduce the principal balance? Principal paid$ d. How much interest will be paid in the fourteenth year? Interest paid$ e. What will bethe final payment? Final paymentShow me the steps to solve

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