Mathematics, 18.04.2020 16:57 Savagepanda911
Annuity A requires annual contributions over 5 years and pays 5% annual interest. Annuities B and C have the same interest rate and annual contributions , but have a term of 10 and 30 years respectively. Each annuity has 50,000 in it at the end of its term. Which annuity has a greater amount of interest than the sum of contributions over their term.
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Annuity A requires annual contributions over 5 years and pays 5% annual interest. Annuities B and C...
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