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If a Person Deposited $75 a Month for 5 Years

Question 78

Multiple Choice

If a person deposited $75 a month for 5 years earning 7 percent,this would involve what type of computation?


A) Simple interest
B) Future value of a single amount
C) Future value of a series of deposits
D) Present value of a single amount
E) Present value of a series of deposits

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