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Joe won a lottery prize of 200000 find the size of the

Question - Joe won a lottery prize of $200,000. He invested the entire amount and expects a yearly return of 10% per annum compounded monthly on her investment. Joe will receive 150 equal monthly payments with the first payment due to be paid to her in exactly 2 years. Find the size of the monthly payments that Joe will receive.

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Accounting Basics: Joe won a lottery prize of 200000 find the size of the

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