Mmuah13981 Mmuah13981

22-03-2024
Mathematics

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Blake purchased an annuity that had an interest rate of 4 .25 % compounded semi - annually. It provided him with payments of $2,000 at the end of every month for 5 years. If the first withdrawal is to be made in 4 years and 1 month, how much did he pay for it ?

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