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A contract can be fulfilied by making an immediate payment of $9111, or equal payments at the end of every year for 5 years What is the size of the annual payments at 6% per annum compounder semi-annually? BESED The annual payments are s (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)

A contract can be fulfilied by making an immediate payment of $9111, or equal payments at the end of every year for 5 years What is the size of the annual payments at 6% per annum compounder semi-annually? BESED The annual payments are s (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A contract can be tutted by making an immediate payment of $9111, or equal payments at the end of every year for 5 years What is the size of the annual payments at 6% per annum compounded semi-annually? MEE The annual payments are s (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.)
Transcribed Image Text:A contract can be tutted by making an immediate payment of $9111, or equal payments at the end of every year for 5 years What is the size of the annual payments at 6% per annum compounded semi-annually? MEE The annual payments are s (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.)
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