(3-4.) The following terms of payment for an annuity are as follows: Periodic payment = 20,000 Payment interval = 1 month Interest rate = 18% compounded monthly Terms = 15 years

(3-4.) The following terms of payment for an annuity are as follows:<br>Periodic payment = 20,000<br>Payment interval = 1 month<br>Interest rate<br>= 18% compounded monthly<br>Terms<br>= 15 years<br>

Extracted text: (3-4.) The following terms of payment for an annuity are as follows: Periodic payment = 20,000 Payment interval = 1 month Interest rate = 18% compounded monthly Terms = 15 years

4. Find the difference between the sum of an annuity due and an ordinary annuity on these payments.<br>a. 271,687.35<br>b. 362,741.30<br>c. 250,459.31<br>d. 324,627.36<br>

Extracted text: 4. Find the difference between the sum of an annuity due and an ordinary annuity on these payments. a. 271,687.35 b. 362,741.30 c. 250,459.31 d. 324,627.36

Jun 08, 2022

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(3-4.) The following terms of payment for an annuity are as follows: Periodic payment = 20,000 Payment interval = 1 month Interest rate = 18% compounded monthly Terms = 15 years

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