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Home Q & A Board Science-Related Homework Help Mathematics
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laywatdut laywatdut
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A year ago
A trust fund of $55,000 is invested at 8.4% compounded monthly. It is to be left to accumulate interest for five years after which it is to support, in perpetuity, equal payments to be made at the end of every month. What will be the size of the payments?

▸ $385

▸ $585

▸ $741

▸ $916

▸ $1,126
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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bijin05bijin05
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A year ago
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laywatdut Author
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A year ago
Thanks
Kstan109
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This helped my grade so much Perfect
DragonHeart
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2 hours ago
Correct Slight Smile TY
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