elizabethlanglois73 elizabethlanglois73

16-09-2022
Mathematics

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Javier has been saving to purchase a beach home for 20 years. Monthly deposits of $500 are made into an annuity that earns 3.5% annual interest, compounded monthly. According to account documents, after these 20 years, there is a balance of $173,434.63 in the account. How much of this balance did Javier contribute?

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