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Payments with periodic rates. Denise has her heart set on being a millionaire. What payment does Denise need to make at the end of each

Payments with periodic

rates.

Denise has her heart set on being a millionaire. What payment does Denise need to make at the end of each

month over the coming 45 years at 7% APR to reach her retirement goal of $1 million? What monthly payment does Denise need to make to reach her retirement goal?

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