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An annuity that earns 5.4% compounded monthly was purchased for $321526. The annuity is scheduled to provide payment of $3053 at the end of each
An annuity that earns 5.4% compounded monthly was purchased for $321526. The annuity is scheduled to provide payment of $3053 at the end of each month. What will be the term of the annuity? (Include the final, smaller annuity payment in the total.)
(Just state total months as a number, not years and months)
What is N?
What is I/Y?
What is C/Y?
What is P/Y?
What is PV?
What is PMT?
What is FV?
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