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If the Accumulated Value of N-Payments of $250,at the Time

Question 25

Multiple Choice

If the accumulated value of n-payments of $250,at the time of the nth payment,is $13,606.35,what is the accumulated value of (n-1) payments of $300,one interest period after the last payment?


A) $16,027.62
B) $16,327.62
C) $16,627.62
D) Cannot be determined without knowing the interest rate

Correct Answer:

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