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Seamus has paid $19,000 for a retirement annuity from which he will receive $1,938 at the end of every month. The payments are deferred for

Seamus has paid $19,000 for a retirement annuity from which he will receive $1,938 at the end of every month. The payments are deferred for 12 years and interest is 9% compounded monthly.

(a) How many payments will Seamus receive?

(b) What is the size of the final payment?

(d) How much of what he receives will be interest?

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