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Lada Lada
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6 years ago
Regular contributions of $200 are made at the end of each month for five years into a savings account earning interest at 4% compounded quarterly. The annuity can be classified as
A) ordinary general annuity
B) ordinary annuity due
C) ordinary simple annuity
D) perpetuity
E) this is not an annuity
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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