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what will be the size of the monthly payments? The Parsonss have decided to invest in a college fund for their young son. They invested
what will be the size of the monthly payments?
The Parsonss have decided to invest in a college fund for their young son. They invested $40,000 in a deferred annuity that will pay their son at the beginning of every month for 4 years, while he goes to college. If the account earns 3.00% compounded monthly and the annuity payments are deferred for 15 years, what will be the size of the monthly payments? Round to the nearest cent
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Cases In Healthcare Finance
Authors: George H. Pink, Paula H. Song
7th Edition
1640553177, 978-1640553170
