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Asked Dec 19, 2019
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For Exercis, find the value of an ordinary annuity in which regular payments of P dollars are made at the end of each compounding period, n times per year, at an interest rate r for t years.P = $150, n = 12, r = 4%, t = 16 yr

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P = $150 n=12 r = 4% = 0.04 t =16 yr

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