QUESTION 3 If you have a 12-year annuity paying $349 monthly beginning in 2 years when interest is 3.53% compounded semi-annually, what is the number of missed payments? Treat the deferred annuity as...

QUESTION 3

If you have a 12-year annuity paying $349 monthly beginning in 2 years when interest is 3.53% compounded semi-annually, what is the number of missed payments? Treat the deferred annuity as anannuity due with the first annuity payment at the 2-year mark.

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