Mathematics
Mathematics, 19.02.2020 06:03, kyao5780

Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 3.5%/year compounded monthly. If the future value of the annuity after 15 years is $55,000, what was the size of each payment?

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Suppose payments were made at the end of each month into an ordinary annuity earning interest at the...

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