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What amount will have one year from now

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Problem 1: Charter has been contributing $900.00 at the end of each month for the past 15 months to a savings plan that earns 4% compounded monthly. What amount will he have 1 year from now, if he continues with the plan?

Option 1: $13 819.60

Option 2: $12 669.42

Option 3: $6898.05

Option 4: $13 500.00

Option 5: $25 382.84

Reference no: EM132892172

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