How much per month must be paid into an ordinary annuity so its future value is ($

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How much per month must be paid into an ordinary annuity so its future value is $\$ 150,000$ after 10 years if the annuity earns $3.85 \%$ interest compounded monthly?

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 30, 2024 09:06 AM

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How much per month must be paid into an ordinary annuity so its future value is ($

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Contemporary Mathematics

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