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Acme Annuities recently offered an annuity that pays 6.0 % compounded monthly. What equal monthly deposit should be made into this annuity in order to
Acme Annuities recently offered an annuity that pays 6.0 %compounded monthly. What equal monthly deposit should be made into this annuity in order to have $157,000
in 17years?
I have attempted this problem, and many like it, with the formula provided to solve for FV. With this formula I keep getting the incorrect answer.
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