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This is an annuity. Can it be done the math way instead of online calculator? Thank you! . A contract requires end-of-month payments of $175

image text in transcribed This is an annuity. Can it be done the math way instead of online calculator? Thank you!

. A contract requires end-of-month payments of $175 for another 81/4 years. What would an investor pay to purchase this contract if the nvestor requires a rate of return of 3% compounded monthly

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