9) A retirement gratuity of $ XXXXXXXXXXis invested in annuity deferred for 10 years. The annuity provides payments of $ XXXXXXXXXXdue at the beginning of every six months. If interest is 7.41%...


9) A retirement gratuity of $123 900.00 is invested in annuity deferred for 10 years. The annuity provides payments of $9600.00 due at the beginning of every six months. If interest is 7.41% compounded annually, for how long will annuity payments be made?



Jun 07, 2022
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