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3. A lawsuit is brought against a company for false advertising. If the corporation must pay $4.5 million over 15 monthly payments, then how much

3. A lawsuit is brought against a company for false advertising. If the corporation must pay $4.5 million over 15 monthly payments, then how much money must the company put into a fund with an APR of 8.2%?

4. What must be the nominal rate of an annuity established with $200,000 that will be depleted after 15 years of monthly payments of $2,000?

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