Lina borrowed 5000 at 8% compunded monthly. She must begin to repay it at the end of this month and every month for 3 years. How much will her monthly payments be?
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Lina borrowed 5000 at 8% compunded monthly. She must begin to repay it at the end of this month and every month for 3 years. How much will her monthly payments be?
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- Sara wants to make a deposit now into an account that earns 3% annually so that she will be able to withdraw an amount of $125 at the end of each of the next 5 years. How much should she deposit today?How much should Brianna's dad invest in a savings account today, to be able to pay for Brianna's rent for the next six years, if the rent is $750, payable at the beginning of each month? The savings account earns 3.19% compounded monthly. Please explain in detailsKaren deposits 300 each month into an annuity that pays 8% annual interest at the end of each year. How much money will she have in this account at the end of 4 years? (Future value of annuity due)