What duration of annuity paying $3,000 at the end of every month can be purchased with $450,000 if ...

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What duration of annuity paying $3,000 at the end of every month can be purchased with $450,000 if ...

What duration of annuity paying $3,000 at the end of every month can be purchased with $450,000 if the invested funds earn 2.5% compounded semiannually?

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Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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tsk Author

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Good timing, thanks!

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