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You would like to set up an account to partially support your ailing parents for the next 20 years. If the account earns 12 percent
You would like to set up an account to partially support your ailing parents for the next 20 years. If the account earns 12 percent compounded monthly, how much will you have to deposit today so that your parents are paid $2,000 at the end of each month? 1) $181,638.83 2) $200,795.55 3) $255,795.55 4) $279,161.54 5) $280.557.35
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