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30. The Ajax C0. just decided to save $1,500 a month for the next ve years as a safety net for recessionary periods. The money

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30. The Ajax C0. just decided to save $1,500 a month for the next ve years as a safety net for recessionary periods. The money will be set aside in a separate savings account which pays 3.25% interest compounded monthly. It deposits the rst $1,500 today. If the company had wanted to deposit an equivalent lump sum today, how much would it have had to deposit? A. $82,964.59 B. $83,189.29 C. $83,428.87 D. $83,687.23 E. $84,998.01

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