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Karen wants to accumulate $6000. she makes deposits $150 at the end of every month in a fund earning interest at j12=6% for n months
Karen wants to accumulate $6000. she makes deposits $150 at the end of every month in a fund earning interest at j12=6% for n months followed by a smaller concluding deposit one month later. what is the size of the smaller concluding needed for her to reach her goal of $6000?
a. no final deposit is needed
b. $314.50
c. $99.58
d. $70.08
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