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number 9!! Suppose $200,000 is used to establish an annuity that earns 5%, compounded quarterly, and pays $5000 at the end of each quarter. How

number 9!!
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Suppose $200,000 is used to establish an annuity that earns 5%, compounded quarterly, and pays $5000 at the end of each quarter. How long will it be until the account balance is $0? a) Solve the PV formula for mt. 9. b) How long will it be until the account balance is $0

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