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Brenda has been investing $150 at the beginning of each month for the past 20 years. How much has she accumulated, assuming she has earned
Brenda has been investing $150 at the beginning of each month for the past 20 years. How much has she accumulated, assuming she has earned an 11% annual return compounded monthly on her investment? If instead of earning 11%, Brenda was only able to earn 10% (compounded monthly), how much would her payments need to be to have the same accumulated amount?
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