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an annuity paying $1400 at the end of each month,(except for a smaller final payment) was purchased with $225000 that had accumulated in an RRSP.
an annuity paying $1400 at the end of each month,(except for a smaller final payment) was purchased with $225000 that had accumulated in an RRSP. The annuity provides a semiannual compound rate of 5.2%
a) what amount of principal will be included in payment 137?
b)how much interest will be paid in the twentieth year?
C) what will be the final payment
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