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A business plans to do renovations that will take 15 months during which they will have no revenue. The renovation will cost $11,000 per month.
A business plans to do renovations that will take 15 months during which they will have no revenue. The renovation will cost $11,000 per month. If the business wants to have enough money to cover the costs of the renovation, how much money do they need to have in the account? Assume the account pays 7% interest compounded monthly
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