The payments are made monthly and its compounding periods is quarterly." What kind of annuity is this? a. simple annuity  b. general annuity

Corporate Fin Focused Approach
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ISBN:9781285660516
Author:EHRHARDT
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Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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"The payments are made monthly and its compounding periods is quarterly." What kind of annuity is this?

a. simple annuity 

b. general annuity

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