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Financial Math A
Annuities
Question 7
7
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Annuities
Question 7 • Financial Math A
You put $125.32 at the end of each month in an investment plan that pays 2.5% interest, compounded monthly. How much will you have after 23 years? Round to the nearest cent.a.$46,683.28b.$4,564,471.88c.$2,949.39d.$3,832.84
Answer
A
A
B
B
C
C
D
D
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