A fund of $165 000 is to be accumulated in 6 years by making equal payments at

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A fund of $165 000 is to be accumulated in 6 years by making equal payments at the beginning of each month. If interest is 7.5% compounded monthly, how much interest is earned by the fund in the 20th payment interval?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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