Question
Mary invests $210,000 in an annuity that earns 6.50% interest compounded quarterly. It makes monthly payments over 15 years. What is the amount of the
Mary invests $210,000 in an annuity that earns 6.50% interest compounded quarterly. It makes monthly payments over 15 years. What is the amount of the final payment? For full marks your answer should be rounded to the nearest cent.
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Final Payment = $0.00
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Introduction To Financial Management
Authors: Sudanshu Pandeya
1st Edition
1774695316, 978-1774695319
