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Deferred Annuity Bellamy borrowed 65,000 at 7% interest compounded quarterly and agreed to repay the loan in quarterly payments of 5,000 each. The first payment
Deferred Annuity Bellamy borrowed 65,000 at 7% interest compounded quarterly and agreed to repay the loan in quarterly payments of 5,000 each. The first payment is due in two years. Find the number of...
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