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A general ordinary annuity with monthly payments was contracted to be purchased on June 15, 2018 at a rate of 4.5% compounded quarterly with the

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A general ordinary annuity with monthly payments was contracted to be purchased on June 15, 2018 at a rate of 4.5% compounded quarterly with the first payment scheduled on July 15, 2018. If the annuity has a 6-year term: a) When (what date) is the start of the annuity? (1mark) b) What will be the date of the last payment? (1mark) c) How many payments will be made? (1mark) d) What is the payment interval? (1mark) e) What is the compounding frequency of the interest rate? (1mark)

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