End-of-period semi-annual payment are deffered for five year

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Reference no: EM13933504

An annuity with a cash value of 13500 earns 6% compounded semi-annually. End-of-period semi-annual payments are deffered for five years, and then continue for ten years. How much is the amount of each payment?

Each payment is $?

Reference no: EM13933504

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End-of-period semi-annual payment are deffered for five year : An annuity with a cash value of 13500 earns 6% compounded semi-annually. End-of-period semi-annual payments are deffered for five years, and then continue for ten years. How much is the amount of each payment?

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