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Question 3 [6 points] Charla invests $13,000 in an annuity that generates 8.25% interest compounded monthly and that pays $250 at the end of every
Question 3 [6 points] Charla invests $13,000 in an annuity that generates 8.25% interest compounded monthly and that pays $250 at the end of every month. Answer the following questions. For full marks your answer should be rounded to the nearest cent. a) How long will the annuity last? Your answer should be rounded to the appropriate whole period. 0 years, 0 months b) How much of the 17th payment comes from interest? Interest = $ 0.00 c) How much of payments 19 through 30 comes from interest? Interest = $ 0.00 =
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