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At the end of 5 years, you want to have $50,000 saved for a down payment on the purchase of a corner store.You find a
At the end of 5 years, you want to have $50,000 saved for a down payment on the purchase of a corner store.You find a low risk investment fund that will earn 4%compounded monthlyover the next 5 years.How much would you have to put in this investment fund each month to reach your goal
a.$754.16
b.$769.28
c.$833.33
d.$9,049.91
e.$9,231.36
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