A technician supposedly bragged that he earned 25 percent a month for a 10year period using his charts. Assuming he started with a $1,000 investment,

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A technician supposedly bragged that he earned 25 percent a month for a 10‐year period using his charts. Assuming he started with a $1,000 investment, determine how much money he would have at the end of the 10‐year period if he did compound his investment at 25 percent per month.

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