An investment firm will receive $120,000 at the end of every month for four years with the
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An investment firm will receive $120,000 at the end of every month for four years with the first payment to be received two years from now. For how much did it purchase this deferred annuity if money is worth 9.5% compounded monthly?
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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