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Find the payment made by the ordinary annuity with the given present value. $76,384; monthly payments for 21 years; interest rate is 3.8%, compounded monthly The payment is $ the nearest cent as needed.) (Simplify your answer. Round to

Find the payment made by the ordinary annuity with the given present value. $76,384; monthly payments for 21 years; interest rate is 3.8%, compounded monthly The payment is $ the nearest cent as needed.) (Simplify your answer. Round to

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Find the payment made by the ordinary annuity with the given present value. $76,384; monthly payments for 21 years; interest rate is 3.8%, compounded monthly The payment is $ (Simplify your answer. Round to the nearest cent as needed.)
Transcribed Image Text:Find the payment made by the ordinary annuity with the given present value. $76,384; monthly payments for 21 years; interest rate is 3.8%, compounded monthly The payment is $ (Simplify your answer. Round to the nearest cent as needed.)
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