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Mathematics, 15.05.2021 02:50 loki285
Suppose that your friend, Danival Arnarsson, wants to have $5,000,000 in
his savings account in 45 years' time. The bank of Hastroisil offers
Danival an ordinary annuity at a rate of 2.091% per year compounded
monthly. How much will Danival have to pay into the annuity at the end
of each month?
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Suppose that your friend, Danival Arnarsson, wants to have $5,000,000 in
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