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An annuity paying $ 1 , 4 0 0 at the end of each month ( except for a smaller final payment ) was purchased
An annuity paying $ at the end of each month except for a smaller final payment was purchased with $ that had
accumulated in an RRSP The annuity provides a semiannually compounded rate of return of Round your answers to decimal
places.
a What amount of principal will be included in Payment
Principal
b What will be the interest portion of Payment
Interest $
c How much will the principal be reduced by Payments to inclusive?
Principal paid
d How much interest will be paid in the twentieth year?
Interest paid
e What will be the final payment?
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