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Danielle receives $7,500 at the end of every quarter for 5 years for money that she loaned to a friend at 3.08% compounded quarterly. a.

Danielle receives $7,500 at the end of every quarter for 5 years for money that she loaned to a friend at 3.08% compounded quarterly.

a. What type of annuity is this?

a.Ordinary simple annuity

b.Ordinary general annuity

c.Simple annuity due

d.General annuity due

b. How many payments are there in this annuity?

Round up to the next payment

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