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What is the nominal rate of interest paid by the? annuity

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Problem 1: Satwinder deposited? $145 at the end of each month for fifteen years at? 7.5% compounded monthly. After her last deposit she converted the balance into an ordinary annuity paying? $1200 every three months for twelve years. If interest on the annuity is compounded? semi-annually what is the nominal rate of interest paid by the? annuity?

Reference no: EM132949180

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