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Carolyn Green Is a Single Parent Who Plans to Save

Question 20

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Carolyn Green is a single parent who plans to save for her child's education. She can afford to save $250 every month for 2 ½ years. If Carolyn could earn interest of 12% compounded monthly, compute the total amount that she will accumulate during the 2 ½ years. Use Tables 23-1A and 23-1B or a calculator.​

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$250 × 34....

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