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Suppose you decide to use a sinine fund to save $275000 for a house. If you plan to make 240 monthly payments and you pay

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Suppose you decide to use a sinine fund to save $275000 for a house. If you plan to make 240 monthly payments and you pay 4.25% interest per annum compounded monthly, what is the required payment for an ordinary annuity? 559872 5649.95 5672.92 5728.94 None of these

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