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Marilyn was supposed to pay $1410 to Bernice on March 1. Some time later Marilyn paid Bernice an equivalent payment of $1530.22, allowing for a time value of money of 4.8% compounded monthly.
9 years ago

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Answered by Reed
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9 years ago
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Marilyn was supposed to pay $1410 to Bernice on March 1. Some time later Marilyn paid Bernice an equivalent payment of $1530.22, allowing for a time value of money of 4.8% compounded monthly.

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