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1. What is the periodic payment? 2. What is the term? 3. What is the rate of interest? 4. What is the number of conversion

1. What is the periodic payment?

2. What is the term?

3. What is the rate of interest?

4. What is the number of conversion period?

5. What is the number of conversion period?

6. How much money do you have after 40 years?

Problem: If you pa)!F P 50.00 at the end of each month for 40 years on account that pays interest of 10% compounded monthly, how much manner}r do you have after 40 years

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