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    Business Mathematics Study Set 1
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    Exam 11: Annuities: Periodic Payment, Number of Payments, and Interest Rate
  5. Question
    What Monthly Payment Is Required to Accumulate to a Future
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What Monthly Payment Is Required to Accumulate to a Future

Question 55

Question 55

Short Answer

What monthly payment is required to accumulate to a future value amount of $5,000 in four years if money earns 3.75% compounded monthly?

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