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a. How much money do you need to invest to receive $2,400 at the end of each month for 13 months if you can earn

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a. How much money do you need to invest to receive $2,400 at the end of each month for 13 months if you can earn 5.0% compounded monthly? $0.00 Round to the nearest cent b. If you would like your payments to last you 20 months, how much less would you have to receive at the end of each month if you invested the same amount as above and the interest rate was the same

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