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    Using and Understanding Mathematics
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    Exam 4: Managing Money
  5. Question
    Calculate the Balance Under the Given Assumptions
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Calculate the Balance Under the Given Assumptions

Question 69

Question 69

Multiple Choice

Calculate the balance under the given assumptions.
-Find the savings plan balance after 3 months with an APR of 4% and monthly payments of $155.


A) $396.57
B) $2002.65
C) $1702.25
D) $466.55

Correct Answer:

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