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Mindy Is Saving for Her Wedding in 18 Months Which

Question 126

Multiple Choice

Mindy is saving for her wedding in 18 months which is expected to cost $15,000.  How much will she need to save monthly at 6% compounded monthly?


A) ​$485
B) ​$873
C) ​$798
D) ​$1,385

Correct Answer:

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