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Home Q & A Board Science-Related Homework Help Mathematics
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simmiie259 simmiie259
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A year ago
If $450,000 is used to purchase an annuity earning 4.5% compounded monthly and paying $3,000 at the end of each month, what will be the term of the annuity, including the final partial payment?

▸ 19 years and 5 months

▸ 19 years and 1 month

▸ 18 years and 7 months

▸ 18 years and 5 months

▸ 18 years and 8 months
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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richardbuggrichardbugg
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A year ago
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A year ago
This helped my grade so much Perfect
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