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If you have a 1 1 - year annuity paying $ 2 5 2 each six months in 6 years when interest is 3 .

If you have a 11-year annuity paying $252 each six months in 6 years when interest is 3.38% compounded semi-annually, what is the number of missed payments? Treat the deferred annuity as an ordinary annuity with the first annuity payment at the 6-year mark.

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