Business
Business, 17.12.2020 18:00, hannah2718

Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 4.5%/year compounded monthly. If the future value of the annuity after 11 years is $55,000, what was the size of each payment?

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Suppose payments were made at the end of each month into an ordinary annuity earning interest at the...

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