Question
Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 4.5%/year compounded monthly. If the
Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 4.5%/year compounded monthly. If the future value of the annuity after 12 years is $70,000, what was the size of each payment? (Round your answer to the nearest cent.) $
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Accounting Ledger Book
Authors: Alpha Planners Publishing
1st Edition
B09VWKPJSG, 979-8432472564
