If you make monthly payments of $557.00 into an ordinary annuity earning an annual interest rate...
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If you make monthly payments of $557.00 into an ordinary annuity earning an annual interest rate of 6.56% compounded monthly, how much will you have in the account after 3 years? After 8 years? After 3 years? After 8 years? (Note: Your answers are a dollar amount and should include dollar signs) If you make monthly payments of $557.00 into an ordinary annuity earning an annual interest rate of 6.56% compounded monthly, how much will you have in the account after 3 years? After 8 years? After 3 years? After 8 years? (Note: Your answers are a dollar amount and should include dollar signs)
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