Jessica deposits $500 at the end of every month for 1 years and 7 months in a retirement fund at 4.88% compounded semi-annually. a. What type of annuity is this? O Ordinary simple annuity O Ordinary general annuity Simple annuity due General annuity due b. How many payments are there in this annuity?

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Jessica deposits $500 at the end of every month for 1 years and 7 months in a
retirement fund at 4.88% compounded semi-annually.
a. What type of annuity is this?
Question 1 of 6
Ordinary simple annuity
O Ordinary general annuity
O Simple annuity due
General annuity due
b. How many payments are there in this annuity?
Transcribed Image Text:Jessica deposits $500 at the end of every month for 1 years and 7 months in a retirement fund at 4.88% compounded semi-annually. a. What type of annuity is this? Question 1 of 6 Ordinary simple annuity O Ordinary general annuity O Simple annuity due General annuity due b. How many payments are there in this annuity?
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