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Mr. Ford deposited $ 100,000 dollars in a bank, stipulating that after 10 years he would begin to pay him or his heirs $ 4,000
Mr. Ford deposited $ 100,000 dollars in a bank, stipulating that after 10 years he would begin to pay him or his heirs $ 4,000 dollars monthly overdue. For how many months will Mr. Ford receive this rent? The bank pays 8.5% per annum capitalizable every month. If the result is not exact, calculated the value of the last payment.
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