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Jason deposits $43,000 into an annuity that earns 6.5% interest compounded semi-annually, and which generates payments at the end of each quarter year for 5
Jason deposits $43,000 into an annuity that earns 6.5% interest compounded semi-annually, and which generates payments at the end of each quarter year for 5 years. Answer the following questions. For full marks your answer(s) should be rounded to the nearest cent. a) How much is the quarterly payment? Payment = $ 0.00 b) How much of the oth payment comes from the annuity's principal? Principal = $ 0.00 ho c) How much of the 8th payment comes from interest? Interest = $ 0.00 d) How much of the payments in the first year will come from the annuity's principal? Principal = $ 0.00 e) How much of the payments in the third year will come from interest on the annuity? Interest = $ 0.00
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