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Lada Lada
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6 years ago
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

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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