Find i (the rate per period) and n (the number of periods) for the following annuity. Monthly depos


Question: Find i (the rate per period) and n (the number of periods) for the following annuity.

Monthly deposits of $220 are made for 7 years into an annuity that pays 5% compounded monthly. i = ? n = ?

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Solution: The downloadable solution consists of 1 page
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