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majarm majarm
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6 years ago
Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty years starting at the end of the first month after her retirement. Calculate the amount he must invest now every month (at the end of the month) if interest is 4.9% compounded semi-annually.
A) $1 528 015
B) $4420.74
C) $1 534 362
D) $4461.50
E) $11 755
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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