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Question 8 [5 points] Calculate the missing piece of information for the following ordinary general annuity. For full marks, your answer should be rounded
Question 8 [5 points] Calculate the missing piece of information for the following ordinary general annuity. For full marks, your answer should be rounded to the appropriate whole month. Accumulation Stage Present Value $6,000.00 Nominal Interest rate Period of Deferral Annuity Payments Annuity Term Payments Stage Nominal Interest rate 8.00% monthly 0 years, 0 months $183.12 monthly 5 years, 8 months 5.75% semi-annually
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