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Jane Evans receives payments of $900 at the beginning of each month from a pension fund of $72,500. Interest earned by the fund is 6.3%
Jane Evans receives payments of $900 at the beginning of each month from a pension fund of $72,500. Interest earned by the fund is 6.3% compounded monthly. (a) What is the number of payments Jane will receive? (b) What is the size of the final payment? (a) The number of payments Jane will receive is (Round up to the nearest whole number.) (b) The amount of the final payment is $ (Round to the nearest cent as needed.)
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