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Susan and Bill Stamp want to set up a TDA that will generate sufficient interest at maturity to meet their living expenses, which they project

Susan and Bill Stamp want to set up a TDA that will generate sufficient interest at maturity to meet their living expenses, which they project to be $1,400 per month. ) Find the monthly payment that they would have to make into an ordinary annuity to obtain the future value of 231724.14 if their money earns
93/4%
and the term is twenty-five years.

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