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Ordinary General Annuities - Finding the FV. Please do these correctly as a lot of times in the past experts have answered it wrong and
Ordinary General Annuities - Finding the FV. Please do these correctly as a lot of times in the past experts have answered it wrong and I still did not understand the concept. :)
Harlan made equal payments at the end of each month into his RRSP. If interest in his account is 4% compounded annually, and the balance after thirteen years is $14,500, what is the size of the monthly payment? The size of the monthly payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Step by Step Solution
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