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Ann wants to save money to buy a motorcycle

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Ann wants to save money to buy a motorcycle. She invests in an ordinary
annuity that earns 2.4% interest, compounded monthly. Payments will be made at the end of each month.

How much money will she need to pay into the annuity each month for the annuity to have a total value of $6000 after 5 years?

 
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