)Lucy purchased an annuity for her that had an interest rate of 2.50% compounded semi-annually. It provided...

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)Lucy purchased an annuity for her that had an interest rate of 2.50% compounded semi-annually. It provided her with payments of $1,000 at the end of every month for 3 years. If the first withdrawal is to be made in 5 years and 1 month, how much did she pay for it?

Round to the nearest cent

Posted Date: May 19, 2024 04:13 AM

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)Lucy purchased an annuity for her that had an interest rate of 2.50% compounded semi-annually. It provided...

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