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An annuity offers a payment of $6577 at the end of every three months for twenty years. Interest is compounded quarterly at a nominal

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An annuity offers a payment of $6577 at the end of every three months for twenty years. Interest is compounded quarterly at a nominal rate of 8.6% Determine the amount that you would pay for this annuity today. Oa. $ 257857.41 O b. $ 250121.69 O c. $ 147683.44 O d. $ 242836.59 Oe. $ 205514.85 A car costing $ 51246 is purchased with a 25% down payment and further payments of X at the end of every month for 10 years. The annual nominal interest rate is 11.3% convertible monthly. Calculate X Type here to search 6030 P " $ 96 3 4 { E R 5 T S D C F 9 G Y Chp 47 H B GD L C B B N

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