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How much do 24 equal monthly payments of $5,000 each, starting from now, add up to? Assume a 16% annual interest rate compounded monthly. Group

How much do 24 equal monthly payments of $5,000 each, starting from now, add up to? Assume a 16% annual interest rate compounded monthly.

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$129,243

$147,203

$127,243

$261,243

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