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16. Tony decided to deposit $11,000 at the end of 11 months and $250 per month thereafter. How many deposits will be required to

16. Tony decided to deposit $11,000 at the end of 11 months and $250 per month thereafter. How many deposits will be required to have a present value today of $16,868.68 if money is worth 17%, compounded monthly? (8 marks)

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