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You are considering using Bill Pay to pay your rent, which is $1,500 a month due at the beginning of each month starting today. You

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You are considering using Bill Pay to pay your rent, which is $1,500 a month due at the beginning of each month starting today. You are going to put a lump sum of money in a savings account today that will cover your rent for a year. If you earn an APR of 2.4% on the account, how much do you have to deposit into the account? $17,803.70 $17,768.17 $18,235.72 $17,578.13 $18,199.33

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