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    Business Mathematics Study Set 1
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    Exam 11: Annuities: Periodic Payment, Number of Payments, and Interest Rate
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    How Much Must Be Invested at the Beginning of Each
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How Much Must Be Invested at the Beginning of Each

Question 72

Question 72

Short Answer

How much must be invested at the beginning of each year in order to accumulate $750,000 after 25 years? The invested funds earn 6% compounded annually.

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