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Mathematics, 04.06.2021 14:00 safelix1260

Ann and Tom want to establish a fund for their​ grandson's college education. What lump sum must they deposit at a 12​% annual interest​ rate, compounded monthly​, in order to have ​$50,000 in the fund at the end of 15 ​years?

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Ann and Tom want to establish a fund for their​ grandson's college education. What lump sum must the...
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