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< ezto.mheducation.com + LTI Launch M Question 2... Final Exam... M Reading M... LTI Launch C https://ww... tup Technolog... G Pina boug... ChatGPT An annuity... Lab 7 Ch 15&16 i Saved Help Save & Exit Submit (Goose Go... Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 0.3 2 points An annuity paying $1,400 at the end of each month (except for a smaller final payment) was purchased with $225,000 that had accumulated in an RRSP. The annuity provides a semiannually compounded rate of return of 5.2%. (Round your answers to 2 decimal places.) a. What amount of principal will be included in Payment 137? Principal $1,044.34 b. What will be the interest portion of Payment 204? Mc Graw Hill Interest $ 515.05 c. How much will the principal be reduced by Payments 145 to 156 inclusive? Principal paid $ 13,499.77 d. How much interest will be paid in the twentieth year? Interest paid $ 3,599.15 e. What will be the final payment? Final payment $ 62.89 < Prev 2 of 5 Next > Return to question < ezto.mheducation.com + LTI Launch M Question 2... Final Exam... M Reading M... LTI Launch C https://ww... tup Technolog... G Pina boug... ChatGPT An annuity... Lab 7 Ch 15&16 i Saved Help Save & Exit Submit (Goose Go... Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 0.3 2 points An annuity paying $1,400 at the end of each month (except for a smaller final payment) was purchased with $225,000 that had accumulated in an RRSP. The annuity provides a semiannually compounded rate of return of 5.2%. (Round your answers to 2 decimal places.) a. What amount of principal will be included in Payment 137? Principal $1,044.34 b. What will be the interest portion of Payment 204? Mc Graw Hill Interest $ 515.05 c. How much will the principal be reduced by Payments 145 to 156 inclusive? Principal paid $ 13,499.77 d. How much interest will be paid in the twentieth year? Interest paid $ 3,599.15 e. What will be the final payment? Final payment $ 62.89 < Prev 2 of 5 Next > Return to question