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1. Today, you are investing $25,000 at 6%, compounded monthly, for 10 years. How much additional income could you earn if you could have invested
1. Today, you are investing $25,000 at 6%, compounded monthly, for 10 years. How much additional income could you earn if you could have invested this amount at 7%, compounded monthly?
$3,009.19 | ||
$3,666.67 | ||
$2,762.81 | ||
$2,520.91 | ||
4,756.61 |
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