Suppose that the effective interest rate per interest period is 3.2%. Describe what the annuity symbol (in picture) means and calculate to the nearest 1/1000.

(4.5) Annuities with payments more frequent than each interest period and payments in arithmetic progression (1) Suppose that the effective interest rate per interest period is 3.2%. Describe what the annuity symbol (I (4) a) 4 / 2 means and calculate to nearest Tooo