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tion 1 et saved An advertised investment product promises to pay $506 per month for 62 months commencing in 1 month from today. If the

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tion 1 et saved An advertised investment product promises to pay $506 per month for 62 months commencing in 1 month from today. If the investment earns 14.3% p.a compounding monthly, how much will the investment product cost today? (round to nearest cent; don't use $ sign or commas) ced out of ing estion a. $22090.12 b. $22353.36 c. $1764.64 d. $2016.99

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