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Payments of $300 at the beginning of each month for 1 year are equivalent to a single payment of $X at the start of the

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Payments of $300 at the beginning of each month for 1 year are equivalent to a single payment of $X at the start of the year. If interest is 7.2% p.a. compounding monthly, then $X is closest to: Select one: A. $3,463.44 B. $3,859.20 C. $3,236.00 D. $3,484.23

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