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15 February, 23:52

Huang has a goal to have $50,000 in five years for a down payment on a house. He

invests in an annuity paying 6% interest, compounded monthly. How much does he

have to deposit each month to reach his goal? Enter your answer rounded to the

nearest cent. Omit the dollar sign and comma.

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Answers (1)
  1. 16 February, 03:29
    0
    Step-by-step explanation:

    It's principal by rate by time so 50000*6*5:100*10

    150000shillings
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