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04-06-2024
Business

Answered

Compute the future value for the following problem. Use Tables 16-1A&B or a calculator. $2,600 is loaned for 1 1/3 years at 15% compounded monthly __________
a. $3,211.36
b. $3,048.71
c. $3,171.71
d. $2,943.90

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