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Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months). Future Value Interest Rate
Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months). Future Value Interest Rate Periodic Payment $760 Payment Interval 1 year Compounding Period quarterly $22,500 8.9% The term of the annuity is year(s) and month(s). (Enter the values from your calculator below. Values should be integers or decimals. Use all non-negative values. PUT: 99 as the value for the variable you are solving for.) Step 1: N= 1% = PV= PMT= Fv= PAY=0CAY=
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