1. An annuity pays $6,000 at the beginning of every year for 12 years. Payments are deferred for 7 years and interest is 4.38% compounded monthly. a. b. Draw a timeline. ( What is the cash value of the property? /

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1.
An annuity pays $6,000 at the beginning of
every year for 12 years. Payments are deferred for 7
years and interest is 4.38% compounded monthly.
a.
b.
Draw a timeline. (
What is the cash value of the property? /
Transcribed Image Text:1. An annuity pays $6,000 at the beginning of every year for 12 years. Payments are deferred for 7 years and interest is 4.38% compounded monthly. a. b. Draw a timeline. ( What is the cash value of the property? /
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