A business must pay an annuity of $ 20,000 quarterly with j4 = 5%. Calculate the semester payment to exchange it for an equivalent annuity with J2 = 5%

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Q: Use the formula for the future value of an ordinary annuity to solve for n when (formula in image)…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $2600, r = 8%, t = 1 year

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