How much should be invested nominal interest rate

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How much should be invested at 12% nominal interest rate, compounded monthly, to provide equal yearly payments of $10,000 per year for 6 years, starting 12 years from now? The interest rate remains constant

Reference no: EM1387313

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How much should be invested nominal interest rate : How much should be invested at 12% nominal interest rate, compounded monthly, to provide equal yearly payments of $10,000 per year

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