Danielle receives $7,500 at the end of every quarter for 5 years for money that he loaned
Fantastic news! We've Found the answer you've been seeking!
Question:
Danielle receives $7,500 at the end of every quarter for 5 years for money that he loaned to a friend at 3.08% compounded quarterly.
a. What type of annuity is this? a. Ordinary simple annuity b. Ordinary general annuity c. Simple annuity due d. General annuity due b. How many payments are there in this annuity? Round up to the next payment.
Related Book For
Posted Date: