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Unformatted text preview: exam. For passing the exam, Tom anticipates he will earn an additional $100 per month payable at the end of each month starting six months from today. Tom plans to retire exactly 38 years from today. Using 6% effective annual interest, find the present value per hour of studying if Tom passes. A) 56 B) 59 C) 61 D) 55 E) 58...
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This note was uploaded on 08/31/2010 for the course FM 13678 taught by Professor Kellison during the Spring '10 term at St. Clair College.
- Spring '10