## Question

###### To pay off an insurance settlement you must make monthlypayments of $2500 for 6 years. How much should you invest in anaccount paying 6% compounded monthly to be sure you can make thesepayments over this time period?

To pay off an insurance settlement you must make monthly payments of $2500 for 6 years. How much should you invest in an account paying 6% compounded monthly to be sure you can make these payments over this time period?

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