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You would like to have $ 1 0 , 0 0 0 . 0 0 in 9 years for a special vacation following graduation by
You would like to have $ in years for a special vacation following graduation by making deposits
at the end of each month in an annuity that pays compounded monthly.
How much money should you deposit at the end of every month?
Do not round until the final answer, and then round up to the next
penny.
How much of the $ comes from deposits and how much comes from interest?
of the $ comes from your deposits and $
comes from interest.
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