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(1 point) Sally has a sum of $16000 today that she invests at 9% compounded monthly. Starting one month from now, what equal monthly payments

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(1 point) Sally has a sum of $16000 today that she invests at 9% compounded monthly. Starting one month from now, what equal monthly payments can she receive over a period of a) 5 years? Answer: $ b) 7 years? Answer: $

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