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Question 3 [5 points] Bruce invests $210,000 in an annuity that ears 4.50% interest compounded annually it makes monthly payments over 30 years. Answer the
Question 3 [5 points] Bruce invests $210,000 in an annuity that ears 4.50% interest compounded annually it makes monthly payments over 30 years. Answer the following questions For full marks your answer should be rounded to the nearest cent. a) How much is the final payment? Final Payment = $ 0.00 b) How much is the principal reduced in the final year of the annuity? Final Year Principal = $ 0.00 c) How much interest is earned the final year of the annuity? Final Year Interest = $ 0.00
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