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Radu invests $100,000 in an annuity that earns 6.75% interest compounded quarterly It makes monthly payments over 30 years. Answer the following questions. For full

Radu invests $100,000 in an annuity that earns 6.75% interest compounded quarterly It makes monthly payments over 30 years. Answer the following questions. For full marks your answer should be rounded to the nearest cent

a) How much is the final payment?

b) How much is the principal reduced in the final year of the annuity?

c) How much interest is earned the final year of the annuity?

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