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Joel just joined a new gym and signed up for a one-year membership. Membership fees can be paid in 12 monthly payments of $55, due
Joel just joined a new gym and signed up for a one-year membership. Membership fees can be paid in 12 monthly payments of $55, due at the beginning of each month or in one payment today. If the appropriate interest rate is 10%, how much should he pay today for the annual membership? $570.91 O $568.38 $682.06 O $630.81 $625.60
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