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edehghany edehghany
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An annuity providing a rate of return of 3.6% compounded semiannually was purchased for $23,000. The annuity pays $500 at the end of each month (except for a smaller final payment). How much will the principal be reduced by payments in the sixth year?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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egidrarcegidrarc
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edehghany Author
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A year ago
Brilliant
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Good timing, thanks!
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2 hours ago
this is exactly what I needed
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