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  3. Study Set
    Business Mathematics Study Set 1
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    Exam 11: Annuities: Periodic Payment, Number of Payments, and Interest Rate
  5. Question
    What Duration of Annuity Paying $5,000 at the End of Every
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What Duration of Annuity Paying $5,000 at the End of Every

Question 183

Question 183

Short Answer

What duration of annuity paying $5,000 at the end of every quarter can be purchased with $200,000 if the invested funds earn 5.5% compounded semi-annually?

Correct Answer:

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