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Course: Financial Mathematics 1. Mr. Parodi deposits $1,200 per month for 5 years in a bank that pays at 14% AER. The final value of
Course: Financial Mathematics 1. Mr. Parodi deposits $1,200 per month for 5 years in a bank that pays at 14% AER. The final value of the transaction will be: a. $101,418.78 b. $101,148.78 c. $101,184.78 2. Pedro has decided to save $350 per month in a bank that will pay him a monthly rate of 0.9% per month for his deposits. The amount he will get after 13 months is: a. $4,803,96 b. $4.830,99 c. $4,803,99
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