Trey just joined a new gym and signed up for a one-year, Ask an Expert

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Trey just joined a new gym and signed up for a one-year membership. Membership fees can be paid in 12 monthly payments of $55, due at the beginning of each month or in one payment today.

If the appropriate interest rate is 8%, how much should he pay today for the annual membership?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92869100

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