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Jenna wants to receive $ 1 7 0 at the end of every month for 8 years. Interest is 5 . 6 % compounded monthly.
Jenna wants to receive $ at the end of every month for years. Interest is compounded monthly.
Report monetary values to the nearest cent.
a How much should Jenna deposit at the beginning of the year period to receive these payments?
$
$
$
b How much would Jenna receive in total? $
c How much of what Jenna would receive is interest? $
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