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    Exam 9: Natural Number Functions and Probability
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    Find the Amount of Each Regular Payment to Provide $7,000
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Find the Amount of Each Regular Payment to Provide $7,000

Question 112

Question 112

Multiple Choice

Find the amount of each regular payment to provide $7,000 in 3 years, at an annual rate r = 9%, compounded monthly.


A) $175.55
B) $151.85
C) $181.00
D) $186.45
E) $170.10

Correct Answer:

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