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Question 4 (3 marks): There is an investment annuity that pays 5.5% compounded quarterly. The investment makes payments at the end of each quarter for

Question 4 (3 marks): There is an investment annuity that pays 5.5% compounded quarterly. The investment makes payments at the end of each quarter for 10 years. The annuity costs $95.000 today a. What is the size of each quarterly payment. b. Calculate the principal portion of the 50 payment. c. Calculate the interest portion of the 60 payment. nnen

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