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I just want to make sure it's right, if you could solve both that would be appreciated, thank you! Jennifer is considering an investment of
I just want to make sure it's right, if you could solve both that would be appreciated, thank you!
Jennifer is considering an investment of $500 each month for 37 years. The investment will grows at 10.4 percent APR compounded monthly. How much will this investment be worth at the end of the 37 years? $ 2603540.89 (calculate to cents.) A person amortizes a loan of $4.5 million for a new home by obtaining a 21-year mortgage at the rate of 5.24% APR compounded monthly. Find the monthly payment. $ 29382.39 (calculate to cents.)Step by Step Solution
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