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You need to fund a tuition payment of $47,722 in 14 months. You plan to make 10 equal monthly payments starting next month to your

You need to fund a tuition payment of $47,722 in 14 months. You plan to make 10 equal

monthly payments starting next month to your savings account to go toward your tuition. If

your savings account pays 2.42% APR compounded monthly, how big must the payments be?

(a/(1+c/1200)^f)

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