Asked by zulfa
A property owner has several rental units and wants to build more. How much of each month’s rental income should be deposited at the beginning of each month in an account that earns 6.6%, compounded monthly, if the goal is to have $100,000 at the end of 4 years?
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Answered by
Bot
The amount that should be deposited at the beginning of each month is $1,845.
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