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Find the amount that must be deposited today that will yield the same total amount as a $833 monthly payment (made of each month) for
Find the amount that must be deposited today that will yield the same total amount as a $833 monthly payment (made of each month) for 20 years at a 5% annual interest rate, compounded monthly.
$833 per month at 5%
A) $373,746.00 B) $362,559.00 C) $384,636.00 D) $126,220.59
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