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Question 2 [10 points] Mary deposits $50,000 into an annuity that earns 3.5% interest compounded semi-annually, and which generates payments at the end of each
Question 2 [10 points] Mary deposits $50,000 into an annuity that earns 3.5% interest compounded semi-annually, and which generates payments at the end of each quarter year for 6 years. Answer the following questions. For full marks your answer(s) should be rounded to the nearest cent. a) How much is the quarterly payment? Payment = $ 0.00 b) How much of the 10th payment comes from the annuity's principal? Principal = $ 0.00 c) How much of the 7th payment comes from interest? Interest = $ 0.00 = d) How much of the payments in the first year will come from the annuity's principal? Principal = $ 0.00 = e) How much of the payments in the fourth year will come from interest on the annuity? Interest = $ 0.00 =
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