Equal Payments Are to Be Made at the End of Each

question 90

Essay

Equal payments are to be made at the end of each month for 12 years with interest at 9.66% compounded monthly. After the last payment, the fund is to be invested for 4 years at 6.82% compounded quarterly and have a maturity value of $27 600.00. What is the size of the monthly payment?

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United States

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Escherichia Coli

A common bacterium found in the intestines of humans and animals, some strains of which can cause food poisoning.

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