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Kelly receives $3,500 at the end of every month for 1 years and 3 months for money that he loaned to a friend at 4.64%
Kelly receives $3,500 at the end of every month for 1 years and 3 months for money that he loaned to a friend at 4.64% compounded monthly. a. What type of annuity is this? Ordinary simple annuity Ordinary general annuity Simple annuity due General annuity due b. How many payments are there in this annuity? Round up to the next payment
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