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A Man Estimates That the Computer He Plans to Buy

Question 243

Multiple Choice

A man estimates that the computer he plans to buy in 17 months will cost $3,600.To meet this goal, how much should he deposit in an account paying 12.7%, compounded monthly?


A) $3,014.07
B) $2,990.07
C) $2,980.07
D) $3,010.07
E) none of the above

Correct Answer:

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