Raina wants to save money to buy a motorcycle. She invests in an ordinary annuity that earns 2.4 % interest , compounded monthly. Payments will be made at the end of each month. How much money will she need to pay into the annuity each month for the annuity to have a total value of $5000 after 3 years? Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of finandial formulas.
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Raina wants to save money to buy a motorcycle. She invests in an ordinary annuity that earns 2.4 % i...
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