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A family vacation is going to cost $7,000 and they need to save up! To reach this accumualted value, payments are made into a
A family vacation is going to cost $7,000 and they need to save up! To reach this accumualted value, payments are made into a savings account at the end of each month for 7 years at an effective rate of 4.86%. What is the size of each monthly contribution? State your answer in dollars ($) with two (2) decimal places. Answer:
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The problem involves calculating the size of each monthly deposit needed to save up 7000 over 7 year...
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
