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Keith receives payments of $14 500.00 at the beginning of each month from a pension fund of $1 500 ...
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Lada
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5 years ago
Keith receives payments of $14 500.00 at the beginning of each month from a pension fund of $1 500 ...
Keith receives payments of $14 500.00 at the beginning of each month from a pension fund of $1 500 000.00. Interest earned by the fund is 7.6% compounded monthly. What is the number of payments Keith will receive?
A) 167
B) 169
C) 156
D) 140
E) 104
Textbook
Contemporary Business Mathematics with Canadian Applications
Edition:
11
th
Authors:
Hummelbrunner, Halliday, Hassanlou, Coombs
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