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Find the periodic payment R required to accumulate a sum of S dollars over t years with interest earned at the rate of r%/year compounded

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Find the periodic payment R required to accumulate a sum of S dollars over t years with interest earned at the rate of r%/year compounded in times a year. S = 20,000, r = 5, t = 8, m = 2 R = $515.99 R = $2,002.04 R = $633.56 R = $1.031.98 R = $687.99

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