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An annuity purchased for $175,000 pays $4,000 at the end of every quarter. How long will the payments continue if the funds earn 4% compounded
An annuity purchased for $175,000 pays $4,000 at the end of every quarter. How long will the payments continue if the funds earn 4% compounded semiannually? (Do not round intermediate calculations and round up the number of payments, n, to the next whole number.) It will be years months
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