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An annuity with a cash value of $11,200 pays $1,870 at the beginning of every six months. The investment eams 11% compounded semi-annually. (a)
An annuity with a cash value of $11,200 pays $1,870 at the beginning of every six months. The investment eams 11% compounded semi-annually. (a) How many payments will be paid? (b) What is the size of the final annuity payment? (a) The number of payments is (Round up to the nearest whole number.)
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