Beverley intends to retire in 7.25 years and would like to receive $2700.00 every month for 12.25 ...

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Beverley intends to retire in 7.25 years and would like to receive $2700.00 every month for 12.25 ...

Beverley intends to retire in 7.25 years and would like to receive $2700.00 every month for 12.25 years starting on the date of her retirement. How much must she deposit in an account today if interest is 11.36% compounded annually?

Textbook

Contemporary Business Mathematics with Canadian Applications

Edition: 11^th

Authors: Hummelbrunner, Halliday, Hassanlou, Coombs

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