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An annuity providing a rate of return of 6.0% compounded monthly was purchased for $57,000. The annuity pays $520 at the end of each month.
An annuity providing a rate of return of 6.0% compounded monthly was purchased for $57,000. The annuity pays $520 at the end of each month. How much of Payment 37 will be interest?
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Selling Professional And Financial Services Handbook
Authors: Scott Paczosa, Chuck Peruchini
1st Edition
1118728149, 978-1118728147
