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06-05-2020
Business

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John plans to make an investment today which promises to return to him $6,000 each year for five (5) years beginning one year from today. The investment account will earn 7% compounded annually. At the end of five years, the investment account balance will be zero.

What is the amount of John’s monthly payment?

Respuesta :

beastcantwait beastcantwait

11-05-2020

Answer:

Give me a quick sec. Imma solve it out.

Explanation:

Imma solve it out. Gotta give me a sec

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