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2. $100 a month is invested at 15% for 10 years, compounded monthly. The future value of the fund is: a. $100.50 b. S1200.23 c.

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2. $100 a month is invested at 15% for 10 years, compounded monthly. The future value of the fund is: a. $100.50 b. S1200.23 c. $27,522 d. $6198.26 3. An $11,000 car is bought with a down payment of $2000, and the rest, $9000, is borrowed over 5 years at an interest rate of 15% compounded monthly. The monthly payment is: a. $214.11 b. $101.61 c. $261.69 d. $153.75

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