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Erik receives an eight - year annuity - immediate with monthly payments. The first payment is $ 4 0 0 and payments increase by $
Erik receives an eightyear annuityimmediate with monthly payments. The first payment is $ and payments increase by $ each month. The payments are deposited in an account earning interest at a nominal rate of convertible monthly. What is the balance in the account at the end of the eight years? Round your answer to the nearest cent.
Erik receives an eightyear annuityimmediate with monthly payments. The first payment is $ and payments increase by $ each month. The payments are deposited in an account earning interest at a nominal rate of convertible monthly. What is the balance in the account at the end of the eight years? Round your answer to the nearest cent.
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