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Maylin will make deposits of $3,880 at the end of every six months into an account earning 4.96% compounded monthly for the next 21 years.
Maylin will make deposits of $3,880 at the end of every six months into an account earning 4.96% compounded monthly for the next 21 years. What type of annuity is Maylin using?
- Ordinary General Annuity
- Simple Annuity Due
- General Annuity Due
- Not an Annuity
- Ordinary Simple Annuity
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