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1. You are considering an investment in ABC Bank that pays a nominal annual rate of 18%, compounded monthly. If you invest $5000.00 at the

1. You are considering an investment in ABC Bank that pays a nominal annual rate of 18%, compounded monthly. If you invest $5000.00 at the beginning of each month, how many months would it take for your account to grow to $250,000? Round fractional months up.

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