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Question

Secure | https//www.mathxl.com/Student/P Phomeworkld-488254266questionld-18flushed-false&cld; 5062563centerwin yes MTH 146 (ONLINE). SUMMER 2018 Aakash Kumar&17/19/18 8:39 AM Homework: HOMEWORK 8, CHAPTER 5.3 Score: 0 of 2 pts 5.3.7 Sav 10 of 12 (8 complete) HYV Score: 53 33%, 8 of 15p Question Help Find i (he rate per period) and n (the number of periods) for the following annuity Quarterly deposits of $900 are made for 4 years into an arruly that pays 7 5% compounded quarterly 0.018 (Type an neger or decimal rounded to four decimal places as needed ) n 148 018

Explanation / Answer

7.5% compounded quarterly = 7.5/4 = 1.875%

1.875 per period

= 1.875/100 = 0.01875

= 0.0188 per period per $

Number of periods n = 4×12 = 48

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