Sally has a sum of $22000 today that she invests at 10% compounded monthly. Starting one month from now, what equal mont

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answerhappygod
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Sally has a sum of $22000 today that she invests at 10% compounded monthly. Starting one month from now, what equal mont

Post by answerhappygod »

Sally has a sum of $22000 today that she invests at 10%
compounded monthly. Starting one month from now, what equal monthly
payments can she receive over a period of a) 10 years and b) 8
years?
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