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laywatdut laywatdut
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10 months 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
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bijin05bijin05
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10 months ago
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laywatdut Author
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10 months ago
Just got PERFECT on my quiz
loki1345
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Yesterday
Brilliant ツ
logbi
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2 hours ago
Thank you, thank you, thank you!
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