Find i (the rate per period) and n (the number of periods) for the annuity.Monthly deposits of $1600 are made for 6 years into an annuity that pays 9% compounded monthly.
A. i = 0.09; n = 72
B. i = 0.75; n = 6
C. i = 0.75; n = 12
D. i = 0.0075; n = 72
Answer: D
Mathematics
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