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Review Problem 15 #7e algo (LO2) (LO3) (LO4) An annuity providing a rate of return of 4.8% compounded monthly was purchased for $45,200. The
Review Problem 15 #7e algo (LO2) (LO3) (LO4) An annuity providing a rate of return of 4.8% compounded monthly was purchased for $45,200. The annuity pays $402 at the end of each month. e. What will be the amount of the final payment? (Round your answer to the nearest cent.) Final payment $ +A
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
