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Math

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it is an annuity where the payment interval is the same as the interest period.

Sagot :

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Answer:

Here the payment interval and the interest interval are the same – 1 month. This is an example of an ordinary annuity like those in previous lessons. Suppose there are monthly payments of $500, but the interest is 6%/a, compounded semi-annually. ... We must match the interest period to the payment interval.

Step-by-step explanation:

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