The amount of $664 is invested monthly at 6.5% compounded monthly for six years. The balance in
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The amount of $664 is invested monthly at 6.5% compounded monthly for six years. The balance in the fund is then converted into an annuity paying $3600 at the end of every three months. If interest on the annuity is 5.9% compounded quarterly, for how many months is the term of the annuity? (25
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Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date: