If the Accumulated Value of N-Payments of $250,at the Time

question 51

Multiple Choice

If the accumulated value of n-payments of $250,at the time of the n^th payment,is $13,606.35,what is the accumulated value of (n-1) payments of $300,one interest period after the last payment?

• A)$16,027.62
• B)$16,327.62
• C)$16,627.62
• D)Cannot be determined without knowing the interest rate

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