Examlex
Suppose payments were made at the end of each quarter into an ordinary annuity earning interest at the rate of 12%/year compounded quarterly. If the future value of the annuity after 3 years is $40,000, what was the size of each payment? Round your answer to the nearest cent.
Friends
Individuals with whom one shares a bond of mutual affection, typically exclusive of sexual or family relations.
Pain Tolerance
is the maximum level of pain an individual can endure or tolerate before it becomes unbearable.
Distraction
A factor or event that diverts attention away from a desired focus, often resulting in decreased performance or concentration.
Effective
Producing a decided, decisive, or desired effect; efficient in producing a desired outcome.
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