Business, 22.02.2020 04:54 poolwaterisgross

Jenna is the beneficiary of a fund of 20,000 that pays her 1,000 at the end of each month. The fund earns 6% compounded monthly. The final payment to exhaust the fund will be a balloon payment. Calculate the amount of the balloon payment.

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Jenna is the beneficiary of a fund of 20,000 that pays her 1,000 at the end of each month. The fund...