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Computing the Annual Debt Payments a . Is this an ordinary annuity or an annuity due? In answering the following questions, round your answer to
Computing the Annual Debt Payments
a Is this an ordinary annuity or an annuity due?
In answering the following questions, round your answer to the nearest whole number.
Do not use negative signs with your answers.
b Compute the amount of the equal annual payments.
c Compute the annual payment assuming the payments are made annually at the end of each annual period beginning on September one year from now.
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