Your spouse is going to receive a $150,000 check from a sinking fund established twenty-five years ago.

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Your spouse is going to receive a $150,000 check from a sinking fund established twenty-five years ago. The interest rate at the time it was started was 5% and contributions were made monthly in arrears. What was the monthly contribution for the past twenty five years?

Posted Date: May 18, 2024 09:00 AM

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Your spouse is going to receive a $150,000 check from a sinking fund established twenty-five years ago.

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