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5 years ago, you borrowed money to buy a house.You plan on contributing $ 6 , 0 0 0 ( at the end of each
years ago, you borrowed money to buy a house.You plan on contributing $at the end of each month into an
investment account that earns an APR based on monthly
compounding of If you continue doing so for years, how
much will you have in your account in exactly years?
To nearest $
Your interest rate was quoted as an APR of based on monthly
compounding.
The original loan was for years.
Each of your remaining endofthemonth payments is $You are going to make the following contributions into a savings
account:
Year : $ year from today
Year : $
Year : $
Year : $
Year : $
Year : $
The account will earn in interest per year. How much will be in
the account exactly years from today?
To nearest $
What is the remaining balance on the loan?
To nearest $
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