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Finance and Growth: You have been ordered by a court to pay $700 restitution monthly for 16 years. If you set up a fund to
Finance and Growth: You have been ordered by a court to pay $700 restitution monthly for 16 years. If you set up a fund to pay out this amount that can earn 12% interest on the remaining balance: What does your starting principal need to be? How much interest did the account earn? Round to the nearest cent (or 2 decimal places). Do not include dollar sign or commas
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