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    jlawson34's Avatar
    jlawson34 Posts: 1, Reputation: 1
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    #1

    Nov 1, 2016, 03:16 PM
    value of annunity
    Brown needs $5,000 in three years. If the interest rate is 9% compounded monthly, how much should she save at the end of each month to have that amount in three years?
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    #2

    Nov 1, 2016, 05:53 PM
    A boat load.




    THis is your homework, site rules require you provide your answer and your work then we can tell you if you are wrong or not and where you went wrong.
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