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What type of annuity is the given problem

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Reference no: EM132824109

Problem - Jade would like to invest in an insurance company for her future. She wanted to save P2, 500 semi-annually in an insurance company that gives 8.2% interest rate compounded annually for 10 years.

Required -

1. What type of annuity is the given problem?

2. What is the value of j?

3. How much money will she have after 5 years?

4. What is the present value of Jade's investment after 5 years?

Reference no: EM132824109

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