A company has set up an a annuity will that will pay $44,000.00 at the beginning of

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A company has set up an a annuity will that will pay $44,000.00 at the beginning of every six months for 5.5 years. If the annuity pays 4.4%, compounded semi-annual. What amount was invested for this annuity?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Posted Date: Feb 28, 2024 04:47 AM

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A company has set up an a annuity will that will pay $44,000.00 at the beginning of

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To calculate the amount invested for the annuity we can use the formula for the present value ... View the full answer

Business Mathematics In Canada

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