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majarm majarm
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6 years ago
Kam expects to retire in 22 years. Beginning one month after his retirement he would like to receive $590.00 per month for 25 years. How much must he deposit into a fund today to be able to do so if the rate of interest on the deposit is 6.12% compounded monthly?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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6 years ago
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majarm Author
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6 years ago
Good timing, thanks!
Butwhy
wrote...

Yesterday
Thank you, thank you, thank you!
Jodias
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2 hours ago
Brilliant ツ
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