$20,000 in a fund paying 2% per year, with monthly payments for 5 years PMT =

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 5E
Question
$20,000 in a fund paying 2% per year, with monthly payments for 5 years
PMT =
 
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