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Find the Amount of Each Regular Payment to Provide $21,000

Question 46

Multiple Choice

Find the amount of each regular payment to provide $21,000 in 10 years, at an annual rate r = 6%, compounded semiannually.


A) $798.43
B) $804.23
C) $781.53
D) $792.88
E) $795.03

Correct Answer:

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