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Home Q & A Board Science-Related Homework Help Mathematics
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Lada Lada
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6 years ago
A man received a separation payment of $98 000.00 at age 56. He invested that sum of money at 8.5% compounded semi-annually until he was 65. At that time he converted the existing balance into an ordinary annuity paying $6150.00 every 6 months, with interest at 5% compounded semi-annually. How many payments will be made?
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Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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josanjosan
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6 years ago
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Lada Author
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6 years ago
You make an excellent tutor!
oscar520000
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Yesterday
Thank you, thank you, thank you!
kater28
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2 hours ago
Thanks for your help!!
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