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inkster inkster
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2 years ago
Taylor has saved $400 at the end of every month for the last 4 years with the intention of paying cash for a new car.  She has earned a fixed annual rate of 4% over the 4 year period; interest is compounded monthly.  How much can she pay for her new car at the end of the fourth year?

▸ $20,784

▸ $55,705

▸ $17,716

▸ $22,272
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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wackocrazywackocrazy
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2 years ago
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