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If You Are Saving for an Overseas Trip and Put

Question 18

Multiple Choice

If you are saving for an overseas trip and put $400 every month into an account paying 6.8% per annum,compounding monthly,how much will you have at the end of 3.25 years?


A) $5014.43
B) $16 907.41
C) $17 001.84
D) $17 403.22

Correct Answer:

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