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How many payments will be paid

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Reference no: EM132906349

An annuity with a cash value of $9,700 pays $2,090 at the beginning of every six months. The investment earns 5% compounded semi-annually.

Problem (a) How many payments will be paid?

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

Reference no: EM132906349

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