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A savings account pays 5 1/2 % per year, compounded continuously. How much money must be deposited at the end of each month in order
A savings account pays 5 1/2 % per year, compounded continuously. How much money must be deposited at the end of each month in order to accumulate $10,000 at the end of 7 years? I know the answer is $97.82 I would like to see the steps to get to that
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
