Manvir purchases a retirement annuity that will pay him 2 000 at the end of every s months for the first eleven years and 200 at

Question

Manvir purchases a retirement annuity that will pay him 2 000 at the end of every s months for the first eleven years and 200 at the end of every month for the next seven years The annuity earns interest at a rate of 3 1 compounded quarterly a What was the purchase price of the annuity 0 00 Round to the nearest cent

Kunduz · Accepted Answer

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