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Category > Business & Finance Posted 31 May 2017 My Price 4.00

After one year living in a university residence

After one year living in a university residence, Mary-Beth (see Problem 24) decides to rent an apartment for the remaining three years of her degree. She has found a nice location that will cost $450 per month; rent for the first and last month must be paid up front. How much money would Mary-Beth need to have in her bank account right now to be sure she will always have enough for rent? The bank account pays 3.75 percent interest, compounded monthly.

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Alpha Geek
(8)
Status NEW Posted 31 May 2017 08:05 AM My Price 4.00

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file 1496219512-Answer.docx preview (133 words )
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