Kevin morales invests 779383 now for a series of 1300


Question - Kevin Morales invests $7,793.83 now for a series of $1,300 annual returns beginning one year from now. Kevin will earn a return of 9% on the initial investment.

How many annual payments of $1,300 will Kevin receive?

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Accounting Basics: Kevin morales invests 779383 now for a series of 1300
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