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A young executive deposits $300 at the end of each month for 8 years and then increases the deposits. If

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A young executive deposits $300 at the end of each month for 8 years and then increases the deposits.
If the account earns 7.2%, compounded monthly, how much (to the nearest dollar) should each new deposit be in order to have a total of $400,000 after 25 years?

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Mathematical Applications for the Management Life and Social Sciences

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: February 09, 2018 05:37:42
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