Mary Ann requires approximately 30 pounds of bananas each month, January through June, and 35 pounds of bananas each month, July through December, to make banana cream pies for her friends. Bananas can be bought at a local market for 40 cents/lb. If Mary Ann’s cost of money is 3%, approximately how much should she set aside at the beginning of each year to pay for the bananas

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Mary Ann requires approximately 30 pounds of bananas each month, January through June, and 35 pounds of bananas each month, July through December, to make banana cream pies for her friends. Bananas can be bought at a local market for 40 cents/lb. If Mary Ann’s cost of money is 3%, approximately how much should she set aside at the beginning of each year to pay for the bananas

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