Dale purchased a retirement annuity paying $1800 every 6 months for 20 years. If interest is 4.6%

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Dale purchased a retirement annuity paying $1800 every 6 months for 20 years. If interest is 4.6% compounded monthly, how much did Dale invest in the annuity?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Sep 21, 2024 05:20 AM

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Dale purchased a retirement annuity paying $1800 every 6 months for 20 years. If interest is 4.6% compounded monthly, how much did Dale invest in the annuity?
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Dale purchased a retirement annuity paying $1800 every 6 months for 20 years. If interest is 4.6%

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Contemporary Business Mathematics with Canadian Applications

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