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1. DGS, Inc., estimates that they will need more office equipment costing $25,000.in
15 months. How much should they deposit monthly into an account eaming9Yo
p.-y"ur compounded monthly so that they will have the money to buy the
equipment? 1CIre6

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2. A family paid $2,000 down on a cal and agreed to pay $254.40 per month for 3
years. f tÎie interest rate was 9o% compounded monthly, what was the selling price
of the car?
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3. paul wants to establish an account to save for his retirement. He estimates that he
will need $250,000 in 20 years. How much must he pay monthly into an account. ,I
earning SYoperyearcompoundedmonthly? A-/Û y- 1 u100 6
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$_l.0qbinvested in a savings account at 60Â compounded monlhly. How much

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5. What is the preient vaùèof $10,000 at 6Yo compounded quarterly for 10 years?
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