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OpenStudy (anonymous):
Find the savings plan balance after 18 months with an APR of 6% and monthly payments of $800. Assume an ordinary annuity. a. $15,028.63 c. $15, 360.28 b. $15,280.36 d. $15, 306.82
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OpenStudy (rational):
use annuity formula \[FV = C\bullet\dfrac{(1+i)^{nt}-1}{i}\]
OpenStudy (anonymous):
c?
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