Ashley would like to run for Congress in 10 years and would like to have $500,000 to

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Ashley would like to run for Congress in 10 years and would like to have $500,000 to spend on campaign expenses. How much should she invest monthly in a sinking fund with a 6% interest rate compounded monthly to accumulate $500,000 in 10 years?


Round all answers up to the next cent.

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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