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Home Q & A Board Science-Related Homework Help Mathematics
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tweb28 tweb28
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11 months ago
For $500,000, you purchased a deferred ordinary annuity from an insurance company that will pay you quarterly payments of $8,000 for twenty years. The payments are based upon the purchase amount earning 4% compounded annually. How long until you receive the first payment? Round to the closest year.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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gamblawcgamblawc
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11 months ago
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tweb28 Author
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11 months ago
You make an excellent tutor!
cipcal
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Yesterday
Smart ... Thanks!
jaray75
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2 hours ago
Brilliant ツ
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