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Financial Math, question One : Ryan purchased an annuity that had an interest rate of 2 . 7 5 % compounded semi - annually. It
Financial Math,
question One : Ryan purchased an annuity that had an interest rate of compounded semiannually. It provided her with payments of $ at the end of every month for years. If the first withdrawal is to be made in years and month, how much did she pay for it
question two: Allison invested her savings in a bank at compounded quarterly. How much money did she invest to enable withdrawals of $ at the beginning of every months from the investment for years, if the first withdrawal is to be made in years?
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