Find the term of the following ordinary general annuity. State your answer in years and months (from

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Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months).

Present

Value

Periodic

Payment

Payment Interval

Interest

Rate

Compounding Period

$10,100

$335

month

12%

quarterly

Related Book For answer-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Posted Date: Apr 30, 2024 09:39 AM

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Find the term of the following ordinary general annuity. State your answer in years and months (from

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So the term of the annuity is approximately 3 years an... View the full answer

Contemporary Business Mathematics with Canadian Applications

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