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Sara Quit Smoking and Saves $80 Per Month Previously Spent

Question 193

Multiple Choice

Sara quit smoking and saves $80 per month previously spent on cigarettes. She invests the money at 5% compounded monthly. How much will she have in 10 years?


A) $7,542.51
B) $17,919.63
C) $12,422.58
D) $11,898.88
E) $12,474.34

Correct Answer:

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