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April 27, 2015

Homework Help: math

Posted by mangtonio on Monday, July 26, 2010 at 5:44pm.

clarence has $20, 000 in the bank. He wants to create an investment to pay his $230 monthly car insurance payment for four years, with the first payment dude in one month. How much of his $20, 000 should he invest now at %8.25 per annum, compounded monthly?

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