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24-03-2022
Mathematics

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How much cash would you need to invest today if you knew you had to pay $1,000 each month for the next 5 years. Assume the annual interest rate is 12%. Round your answer to the nearest dollar.

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24-03-2022

Answer:

5600 $

Step-by-step explanation:

1000 multiply by 5 = 5000 multiply by 12 percent

600 add by 5000

5600

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