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Solution for QID #45798: 1) In 20 years, a $2000 deposit in an account paying 11% int | StudyHelpMe

Subject: Math
Status: Verified Solution
1) In 20 years, a $2000 deposit in an account paying 11% interest compounded annually will have grown to 2) $100 a month is invested at 15% for 10 years, compounded monthly. The future value of the fund is 3) An $11,000 car is bought with a down payment of $2000, and the rest, $9000, is borrowed over 5 years at an interest rate of 15% compounded monthly. The monthly payment is:  
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