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A Man Estimates That the Computer He Plans to Buy

Question 139

Multiple Choice

A man estimates that the computer he plans to buy in 17 months will cost $3,100.To meet this goal, how much should he deposit in an account paying 12.6%, compounded monthly?


A) $2,565.64
B) $2,575.64
C) $2,599.64
D) $2,595.64
E) none of the above

Correct Answer:

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