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A savings plan requires 48 deposits of $410 per month commencing today. If the interest rate is 10.2% p.a compounding monthly, the value of the

A savings plan requires 48 deposits of $410 per month commencing today. If the interest rate is 10.2% p.a compounding monthly, the value of the investment plan in exactly 4 years from today will be closest to:

Question 15Answer

a.

$24176.32

b.

$2103.08

c.

$1908.42

d.

$24381.82

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