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Fixit Computer Services Inc. leases space on a busy retail strip where the company services...

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Finance

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Fixit Computer Services Inc. leases space on a busy retail strip where the company services and sells computers and computer supplies. The lease calls for monthly payments of $3,500 to be made at the beginning of each month. The payments are based on a rate of 9% per annum, compounded monthly. What type of annuity is described by these facts? Ordinary general annuity Ordinary simple annuity Simple annuity due General annuity due

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