Suppose payments were made at the end of each month into

Reference no: EM13623137

Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 9%/year compounded monthly. If the future value of the annuity after 14 years is $50,000, what was the size of each payment?

Reference no: EM13623137

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Suppose payments were made at the end of each month into

Reference no: EM13623137

Reference no: EM13623137

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