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    Exam 10: Annuities: Future Value and Present Value
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    If Kelly Can Make Monthly Payments of $725 for 20
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If Kelly Can Make Monthly Payments of $725 for 20

Question 211

Question 211

Multiple Choice

If Kelly can make monthly payments of $725 for 20 years, how much money could she borrow at 6.9% compounded semi-annually?


A) $117,324
B) $94,241
C) $118,197
D) $87,497
E) $94,956

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