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If you have a 12-year annuity paying $418 monthly in 3 years when interest is 5.62% compounded semi-annually, what is the number of missed payments?

If you have a 12-year annuity paying $418 monthly in 3 years when interest is 5.62% 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 3-year mark.

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