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Katena32 [7]
2 years ago
7

If quarterly payments are made for 15 years, find the value for n in the following present value ordinary annuity formula.

Mathematics
1 answer:
miss Akunina [59]2 years ago
7 0

Answer:

  b.  (60)

Step-by-step explanation:

n represents the number of payments. If there are 4 per year for 15 years, that's a total of 4×15 = 60 payments.

  n = 60

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