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    Corporate Finance Study Set 5
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    Exam 4: The Time Value of Money
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    By Quitting Smoking,Lisa Could Save $350 Per Month in an Account
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By Quitting Smoking,Lisa Could Save $350 Per Month in an Account

Question 4

Question 4

Multiple Choice

By quitting smoking,Lisa could save $350 per month in an account with an effective rate of interest at 8.75%.How long will it take her to accumulate $100,000?


A) 13.1 years
B) 15.2 years
C) 12.8 years
D) 14.2 years

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