Emily receives $2,500 from an investment at the beginning of every quarter for 6 years and 3 months at 4.88% compounded
Posted: Wed Jul 06, 2022 6:41 pm
Emily receives $2,500 from an investment at the beginning ofevery quarter for 6 years and 3 months at 4.88%compounded monthly.
a. What type of annuity is this?
i.Ordinary simple annuity
ii.Ordinary general annuity
iii.Simple annuity due
iiii.General annuity due
b. How many payments are there in thisannuity?
Round up to the next payment
a. What type of annuity is this?
i.Ordinary simple annuity
ii.Ordinary general annuity
iii.Simple annuity due
iiii.General annuity due
b. How many payments are there in thisannuity?
Round up to the next payment