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3 years ago

13

Danielle plans on making monthly payments into an account that earns 2.5% compounded monthly. If she wants $10,000 in 22 years,

what do her payments need to be?

1 answer:

Nesterboy [21]3 years ago

4 0

Answer:

5,500

Step-by-step explanation:

I=PRT/100

Then

I = 2.5*10,000*22/100

I=#5,500

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