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Question 4 [6 points] Charla deposits $45,000 into an annuity that earns 4.5% interest compounded monthly, and which generates payments at the end of each quarter year for 5 years. Answer

the following questions. For full marks your answer(s) should be rounded to the nearest cent. a) How much is the quarterly payment? Payment = $ 2,526.26 b) How much of the 15th payment comes from interest? Interest $0.00 c) How much of the payments in the second year will come from interest on the annuity? Interest = $0.00

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