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Please answer every part to the question. Will upvote if correct and if done in the next hour. Thanks. Thomas Morales invests $9,562.61 now for
Please answer every part to the question. Will upvote if correct and if done in the next hour. Thanks.
Thomas Morales invests $9,562.61 now for a series of $1,900 annual payments beginning one year from now. Thomas will earn a return of 9% on the initial investment. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How many annual payments of $1,900 will Thomas receive? (Hint: Use Table 4.) (Round answer to 0 decimal places, e.g. 25.) Number of annual paymentsStep by Step Solution
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