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An industrialist acquires a credit for $ 20 million to invest in his industry and is charged an interest of 3% per month. In the
An industrialist acquires a credit for $ 20 million to invest in his industry and is charged an interest of 3% per month. In the credit contract it is stipulated that the total debt of principal and interest be canceled after 5 years, with a single payment. To cover this obligation, the industrialist must deposit half of his monthly profits in a financial institution that pays 2% monthly interest. What will be the monthly utility that the industrialist must obtain in his company to be able to fulfill the obligation? Do not use Excel to solve it
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