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Solve it correctly please. I will rate accordingly with multiple votes. Ty-ped answer only. 5. On the day a child is born, an amount is
Solve it correctly please. I will rate accordingly with multiple votes. Ty-ped answer only.
5. On the day a child is born, an amount is deposited into an investment that earns 5% interest. An equal amount is deposited on each of the child's subsequent 18 birthdays. After the final payment is made, the account contains $20,000. What is most nearly the amount of each payment? (A) $560 (B) $650 (C) $810 (D) $970 13Step by Step Solution
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