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  • 17-03-2024
  • Mathematics
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Suppose you invest, every month, in an annuity that pays 3% interest, compounded monthly. After 25 years, you have $550,000. How much money do you earn from interest? Enter your answer rounded to the nearest hundred dollars. Omit the dollar sign and the comma. ( 4,320.00 should be input as 4300).

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