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An annuity with a cash value of $9,900 pays $310 at the beginning of every month. The investment earns 5% compounded monthly. (a) How many

An annuity with a cash value of $9,900 pays $310 at the beginning of every month. The investment earns 5% compounded monthly. (a) How many payments will be paid? (b) What is the size of the final annuity payment?

Ans(a) the number of payment is 65 Ans(b) The size of the final payment $_____

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