Business, 04.04.2021 07:00 murphyscott794

Suppose payments will be made for 7 1/4 years at the end of each month from an ordinary annuity earning interest at the rate of 4.25%/year compounded monthly. If the present value of the annuity is $47,000, what should be the size of each payment from the
annuity? (Round your answer to the nearest cent.)

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Suppose payments will be made for 7 1/4 years at the end of each month from an ordinary annuity earn...

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