Mathematics, 19.07.2021 20:50 idunno456
How much must be invested at the beginning of each year at 10%, compounded annually, to pay off a debt of $70,000 in 9 years?
(a) State whether the problem relates to an ordinary annuity or an annuity due.
ordinary annuity
O annuity due
(b) Solve the problem. (Round your answer to the nearest cent.)
$
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How much must be invested at the beginning of each year at 10%, compounded annually, to pay off a de...
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