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Home Q & A Board Science-Related Homework Help Mathematics
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becky28 becky28
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10 months ago
A life insurance company will sell a 20-year annuity paying $1600 at the end of each month for $175,000. What quarterly compounded nominal rate of interest will the annuitant earn?

▸ 9.401%

▸ 8.735%

▸ 9.226%

▸ 9.335%

▸ 9.297%
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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richardbuggrichardbugg
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Anonymous
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5 months ago
Help! The answer is missing an explanation...
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