Question
Taylor pays $362.55 for a car lease at the beginning of every month for 3 years and 2 months at 4.46% compounded monthly. a.
Taylor pays $362.55 for a car lease at the beginning of every month for 3 years and 2 months at 4.46% compounded monthly. a. What type of annuity is this? O Ordinary simple annuity O Ordinary general annuity O Simple annuity due O General annuity due b. How many payments are there in this annuity?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
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