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A $780,000 IRA is used to supplement a retired couple's income with payments at the end of each month for the next 15 years. If
A $780,000 IRA is used to supplement a retired couple's income with payments at the end of each month for the next 15 years. If money is worth 9% per year compounded monthly, what is the size of each monthly payment?
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Managerial Accounting
Authors: Karen Wilken Braun, Wendy M. Tietz
2nd Custom Edition
1269396803, 978-1269396806
