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any help would be much appreciated........A 25-year annuity was purchased with $225,000 that had accumulated in an RRSP. The grant provides a semiannually compounded rate
any help would be much appreciated........A 25-year annuity was purchased with $225,000 that had accumulated in an RRSP. The grant provides a semiannually compounded rate of 5.2% and makes an equal monthly end payment. a) What amount of principal will be included in Payment 206? b) What will be the interest portion of payment 18? c) How much will payments 50 to 100 inclusive reduce the principal balance? d) How much interest will be paid in the 14th year, but ear? e) What will be the final payment
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