Dars am Question 1 of 13 tion 1 (4) tion 2 (8) tion 3 (5)...
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Dars am Question 1 of 13 tion 1 (4) tion 2 (8) tion 3 (5) tion 4 (4) tion 5 (4) tion 6 (3) tion 7 (3) tion 8 (3) tion 9 (4) Patrick purchases a retirement annuity that will pay him $3,000 at the end of every six months for the first eleven years and $700 at the end of every month for the next four years. The annuity earns interest at a rate of 2.5% compounded quarterly. a. What was the purchase price of the annuity? $0.00 Round to the nearest cent b. How much interest did Patrick receive from the annuity? E DATE il 14th 06:35 pm S0.00 Round to the nearest cent Submit Sve Progress Next Question @e- og
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