Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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James receives $6497 at the end of every month for 4 years and 3 months for money that he loaned to a friend at 1.6% compounded monthly. How many payments are there in this annuity? Round up to the next payment Answer:
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Transcribed Image Text:James receives $6497 at the end of every month for 4 years and 3 months for money that he loaned to a friend at 1.6% compounded monthly. How many payments are there in this annuity? Round up to the next payment Answer:
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