(a) decide whether the problem relates to an ordinary annuity or an annuity due and then (b) solve the problem.

A college class's 2525th reunion gift is $8.6\$ 8.6 million. How many semiannual payments of $250,000\$ 250,000 will this provide at the beginning of each 66-month period if money is worth 4.4%4.4 \% compounded semiannually?


Answered 12 months ago
Answered 12 months ago
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In this exercise, the task is to determine the number of time periods considering the given input data.

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