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You need to fund a tuition payment of $49,057 in 19 months. You plan to make 7 equal monthly payments starting next month to your

You need to fund a tuition payment of $49,057 in 19 months. You plan to make 7 equal

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

your savings account pays 4.71% APR compounded monthly, how big must the payments be?

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

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