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How many payments will be? paid

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An annuity with a cash value of ?$9,700 pays ?$710 at the beginning of every three months. The investment earns 10?% compounded quarterly.

?(a) How many payments will be? paid?

?(b) What is the size of the final annuity? payment?

?(a) The number of payments is ___

?(Round up to the nearest whole? number.)

?(b) The size of the final payment is ?$_____

Reference no: EM132589564

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