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When Dan signed a three - year contract as a manager, the company allowed reimbursement of $ 5 6 0 at the end of every
When Dan signed a threeyear contract as a manager, the company allowed reimbursement of $ at the end of every month for his car expenses. At the time the contract was signed, money was worth compounded monthly.
a What value did the expense reimbursement provision have when the contract was signed?
b What is the outstanding value of the reimbursement after the th payment
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