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How many payments are there in this annuity

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Reference no: EM132957874

Question - Whitney receives $8,000 at the end of every month for 1 years and 10 months for money that he loaned to a friend at 5.96% compounded monthly. (Question relates to: Annuities - Future and Present Value Calculations for Ordinary Simple and General Annuity)

1. What type of annuity is this?

a. Ordinary simple annuity

b. Ordinary general annuity

c. Simple annuity due

d. General annuity due

2. How many payments are there in this annuity?

Reference no: EM132957874

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