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A Woman Plans to Withdraw $1800 18-Months from Now and $2400

Question 1

Multiple Choice

A woman plans to withdraw $1800 18-months from now and $2400 36-months from now.How much does she need to deposit today if the interest rate is j12 = 12% for the first 2 years and j12 = 6% thereafter?


A) $3182.25
B) $3285.18
C) $3510.38
D) $3765.40

Correct Answer:

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