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Trish Needs to Have $20,000 One Year from Now

Question 18

Multiple Choice

Trish needs to have $20,000 one year from now.She plans to make 9 equal monthly deposits,first deposit made today.What is the size of each deposit needed if the money is deposited into an account paying j12 = 6%?


A) $2135.12
B) $2145.80
C) $2156.53
D) $2178.15

Correct Answer:

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