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13 July, 16:20

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?

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  1. 13 July, 17:22
    0
    5,500

    Step-by-step explanation:

    I=PRT/100

    Then

    I = 2.5*10,000*22/100

    I=#5,500
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