Question: Question 9 [6 points] Calculate the term, expressed in years and months, for each of the following ordinary general annuities given the future value of
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Question 9 [6 points] Calculate the term, expressed in years and months, for each of the following ordinary general annuities given the future value of the annuity. For full marks, your answer should be rounded to the appropriate whole month. Nominal Future Periodic Payment interest Compounding value payment interval Term rate frequency $100.00 6 months 0 years, 0 months 5.25% Monthly FV = $1,961.54 $200.00 1 month 0 years, 0 months 4.00% Semi-annually FV = $14,723.68
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