Use Table 14 - 1 to complete the table below: Annuity payment L $1,900 Annual rate 8%
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Annuity payment L $1,900 Annual rate 8% 5% 7% 6% Annual interest YearsType of annuity Future value of annuity Total interest Ordinary Compounded quarterly Compounded annually Compounded annually Compounded semiannually 0 Ordinary 2 $5,000 3 $2,150 Annuity due Annuity due $600 5
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1 Number of payments 34 12 Period rate 8 4 2 Table 141 ...View the full answer
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Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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