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    Business Mathematics Study Set 1
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    Exam 10: Annuities: Future Value and Present Value
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    What Is the Cash Price of a Dining Set If
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What Is the Cash Price of a Dining Set If

Question 107

Question 107

Short Answer

What is the cash price of a dining set if monthly payments of $200 are made for three years at an interest rate of 8.5% compounded monthly?

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