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You Plan to Save $200 a Month for the Next

Question 67

Multiple Choice

You plan to save $200 a month for the next 24 years and hope to earn an average rate of return of 10.6 percent.How much more will you have at the end of the 24 years if you invest your money at the beginning rather than the end of each month?


A) $1,911.29
B) $1,807.70
C) $2,238.87
D) $2,317.82
E) $2,707.27

Correct Answer:

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