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Exactly 35 years from today, Formosa Plastics Corporation must pay you $1,930,000 as part of a court settlement because they polluted your property. If Formosa
Exactly 35 years from today, Formosa Plastics Corporation must pay you $1,930,000 as part of a court settlement because they polluted your property. If Formosa Plastics earns a 9.99 percent interest rate compounded monthly, how much must the corporation save each month in order to have the full settlement amount available in 35 years? Multiple Choice $594.79 $543.64 $509.66 $4,595.24 $505.45
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