Assume you are considering the consolidation of allyour

Chapter 4, Problem 4.37

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Assume you are considering the consolidation of allyour electronic services with one company. By purchasinga digital phone from AT&T wireless, you canbuy wireless e-mail and fax services for $6.99 permonth. For $14.99 per month, you will get unlimitedweb access and personal organization functions. Fora 2-year contract period, what is the future worth ofthe difference between the services at an interest rateof 12% per year, compounded monthly?

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