This is an ordinary general annuity where John receives $3,400 every 6 months for 12 years from an investment earning 4.10% compounded monthly. There are 24 payments over the 12 years.

1. John receives $3 , 400 from an investment at the beginning of every half-year for 12 years at
4.10% compounded monthly. a. What type of annuity is this? Ordinary simple annuity Ordinary
general annuity Simple annuity due General annuity due b. How many payments are there in this
annuity? Round up to the next payment