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Differed Ordinary General Annuity: Mrs.Ruz deposited a sales bonus of $40,000 in an income average annuity that will pay her $500 at the end of
Differed Ordinary General Annuity: Mrs.Ruz deposited a sales bonus of $40,000 in an income average annuity that will pay her $500 at the end of each month, If payments are differed for 10 months, and interest is 10% compounded semiannually. For how many months will Mrs.Ruz receive annuity payments?
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Marketing management
Authors: Philip Kotler, Kevin Lane Keller
14th Edition
9780273753360, 132102927, 273753363, 978-0132102926
