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Payments of $1,734 are made out of a fund of $25,000 at the end of every month. If interest is 5% compounded monthly, what is
Payments of $1,734 are made out of a fund of $25,000 at the end of every month. If interest is 5% compounded monthly, what is the size of the finalpayment?
The size of the final payment is $
nothing
.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)
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