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ikrabbe ikrabbe
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7 years ago
A sum of $15 700.00 is invested at 6.48% compounded semi-annually for eight years. After the eight years, the balance in the fund is converted into an annuity paying equal payments at the end of every 6 months for 5.5 years. If interest on the annuity is 7.95% compounded monthly, what is the size of the equal payments?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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ikrabbe Author
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7 years ago
Thanks
wyq2651
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Yesterday
Just got PERFECT on my quiz
AlahuKakpar
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2 hours ago
Smart ... Thanks!
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