Question: Question 8 [6 points] Calculate the term, expressed in years and months, for each of the following ordinary general annuities given the present or future

Question 8 [6 points] Calculate the term, expressed in years and months, for each of the following ordinary general annuities given the present or future value of the annuity For full marks, your answer should be rounded to the appropriate whole month. Present or Future value Nominal Periodic Payment interest Compounding payment interval Term rate frequency $1,000.00 1 month 8 years, 0 months 3.75% Quarterly $200.00 6 months 0 years, 0 months 7.25% Monthly PV = $44,519.33 FV = $4,254.80

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