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Assume that the savings account pays 12 percent and it is

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If you want to have $3,575 in 29 months, how much money must you put in a savings account 5. today? Assume that the savings account pays 12% and it is compounded monthly (round to nearest $1).

a. $2,438
b. $2,679
c. $3,147
d. $3,008

Reference no: EM131000311

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