Mark's retirement fund has an accumulated amount of $40,000. If it has been earning interest at 3.88%

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Mark's retirement fund has an accumulated amount of $40,000. If it has been earning interest at 3.88% compounded monthly for the past 16 years, calculate the size of the equal payments that he deposited at the beginning of every 3 months.

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Economics for Managers

ISBN: 978-0132773706

3rd edition

Authors: Paul G. Farnham

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Posted Date: Oct 31, 2022 05:14 AM

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Mark's retirement fund has an accumulated amount of $40,000. If it has been earning interest at 3.88%

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