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Question 7 1 pts Lucas wants to have $ 1 , 5 0 0 in his account 3 years from now. The account earns 7

Question

7

1

pts

Lucas wants to have $

1, 500

in his account

3

years from now. The account earns

7.5 %

interest compounded monthly. How much does he need to deposit each month to reach his goal?

future value of an annuity

continuous compound Interest

present value of an annuity

periodic compound interest

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