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An annuity with a cash value of 59,600 pays 5720 at the beginning of every the months. The mvestment cams 5% compounded quarterly (a) How

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An annuity with a cash value of 59,600 pays 5720 at the beginning of every the months. The mvestment cams 5% compounded quarterly (a) How many payments will be paid? (1) What is the size of the final annuity payment? (a) The number of payments (Round up to the nearest whole number (b) The size of the final payment is s (Round to the nearest contas needed Round all internodiate values to six decimal places as needed > Assume a starting position of macroeconomic equilibrium at the full-employment level of real GDP. In the short run, what effect will a decrease in the money supply have on interest rates, the price level and real GDP? Select one: Ca. It will raise nominal interest rates, lower the price level, and leave real GDP unchanged. b. It will raise real interest rates, lower the price level and leave real GDP unchanged. It will raise teal interest rates, lower the price level, and reduce real GDP. d. It will lower real interest rates, raise the price level, and increase real GDP. Clear my choice Next page

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