Carla Tortelli receives pension payments of $4,570.00 at the end of every six months from a retirement fund of $82,000.00. The fund earns 8.06% compounded semi-annually. How many payments will Carla receive?   What is the size of the final pension payment?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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 Carla Tortelli receives pension payments of $4,570.00 at the end of every six months from a retirement fund of $82,000.00. The fund earns 8.06% compounded semi-annually.

How many payments will Carla receive?  

What is the size of the final pension payment? 

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