A Man Is Disabled In An Accident And Wants To Receive An Insurance Payment That Will Provide Him With 1500 At The End O 1 (10.53 KiB) Viewed 10 times
A Man Is Disabled In An Accident And Wants To Receive An Insurance Payment That Will Provide Him With 1500 At The End O 2 (21.66 KiB) Viewed 10 times
A man is disabled in an accident and wants to receive an insurance payment that will provide him with $1500 at the end of each month for 10 years. If the payment can be placed in an account that pays 9% compounded monthly, what size payment should he seek?
He should seek a payment of $ (Simplify your answer. Round to the nearest cent as needed.)
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