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Helga invested $34,000 on September 24, 2010, at 7.75% compounded monthly. She plans on using the money to fund an annuity due starting January 24,
Helga invested $34,000 on September 24, 2010, at 7.75% compounded monthly. She plans on using the money to fund an annuity due starting January 24, 2028, with the last payment being made on December 24, 2045. If the annuity due is expected to earn 5.8% compounded monthly, how much will she receive each month? 4:02 PM
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