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Question 3 (3 points) Listen The amount of $950 is invested quarterly at 5.5% compounded semi-annually for 9 years. The balance in the fund is

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Question 3 (3 points) Listen The amount of $950 is invested quarterly at 5.5% compounded semi-annually for 9 years. The balance in the fund is then converted into an annuity paying $290 at the end of every month. If the interest on the annuity is 4.4% compounded annually, what is the term of the annuity? Round properly. Answer in MONTHS. Your Answer: Answer Previous Page Next Page Page 3 of 3

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