How much would a business have to invest in a fund

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Question: How much would a business have to invest in a fund to receive $12,000 at the end of every month for 7 years? The fund has an interest rate of 4.50% compounded monthly and the deferral period is 3 years. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131794331

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