Mary invests $210,000 in an annuity that earns 8.75% interest compounded quarterly. It makes monthly payments over 20 years. What is the amount of the final payment? For full marks your answer should be rounded to the nearest cent. Final Payment = $ 0.00
Mary invests $210,000 in an annuity that earns 8.75% interest compounded quarterly. It makes monthly payments over 20 years. What is the amount of the final payment? For full marks your answer should be rounded to the nearest cent. Final Payment = $ 0.00
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Transcribed Image Text:Mary invests $210,000 in an annuity that earns 8.75% interest compounded quarterly. It makes monthly payments over 20
years. What is the amount of the final payment?
For full marks your answer should be rounded to the nearest cent.
Final Payment = $ 0.00
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