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    Mathematics
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    Precalculus Mathematics for Calculus
  4. Exam
    Exam 12: Sequences and Series
  5. Question
    Find the Amount of an Annuity That Consists of 8\(24 \%\)
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Find the Amount of an Annuity That Consists of 8 24%24 \%24%

Question 94

Question 94

Essay

Find the amount of an annuity that consists of 8 monthly payments of $1200 each into an account that pays 24%24 \%24% interest per year.

Correct Answer:

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