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Suppose You Plan to Work Right After You Graduate, but Still

Question 41

Multiple Choice

Suppose you plan to work right after you graduate, but still save money for graduate school. You
Decide to save $35,000 before starting, and find a weekly annuity that pays 5.5% interest for 6 years.
How much will you need to pay each week?


A) $118.43
B) $85.27
C) $104.22
D) $94.74

Correct Answer:

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