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A company wants to generate monthly cash flow to pay some additional cost. If total revenues for a year are $75,000, calculate the monthly cash
A company wants to generate monthly cash flow to pay some additional cost. If total revenues for a year are $75,000, calculate the monthly cash that can be generated by investing 10% of annual revenues through an investment that pays a simple interest rate of 1.2% per year. Assume that this monthly cash is generated (paid) at the beginning of the month.
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