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October 21, 2014

Homework Help: finite math

Posted by distressed on Saturday, April 30, 2011 at 6:18pm.

A young executive deposits $400 at the end of each month for 7 years and then increases the deposits. If the account earns 7.2%, compounded monthly, how much (to the nearest dollar) should each new deposit be in order to have a total of $400,000 after 25 years

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