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A savings plan requires 48 deposits of $583 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 $583 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:

a.

$34669.76

b.

$34377.55

c.

$2990.47

d.

$2713.68

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