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Home Q & A Board Science-Related Homework Help Mathematics
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srsbiz srsbiz
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10 months ago
A 20-year annuity is purchased for $400,000. What payment will it deliver at the end of each quarter if the undistributed funds earn:


a) 4% compounded quarterly?
b) 5% compounded quarterly?
c) 6% compounded quarterly?
d) 7% compounded quarterly?

In each case, also calculate the total earnings distributed over the life of the annuity.
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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fnc28304fnc28304
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10 months ago
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srsbiz Author
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10 months ago
Smart ... Thanks!
linlinlin
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Yesterday
Thanks for your help!!
yen
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2 hours ago
Thanks
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