Question: Mathieu owes $30,000.00 due in 5 years. To repay the debt on its' due date, he deposits $600.00 monthly into a savings account for the

Mathieu owes $30,000.00 due in 5 years. To repay the debt

Mathieu owes $30,000.00 due in 5 years. To repay the debt on its' due date, he deposits $600.00 monthly into a savings account for the first 3 years. The savings account earns 5% c.m. Calculate the additional lump sum required on the due date to discharge the debt. 10 8 Paragraph BI U

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