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19 January, 01:41

The cost of attendance at State College is $19,500 for the first year. Devise a periodic savings plan that will allow you to make small deposits for 5 years at a simple interest rate of 1.5% and save enough to pay for the first year at the college.

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  1. 19 January, 02:14
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    Each year you should pay $3,958.5
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