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2- Suppose you can afford to invest $850 each month into an account that pays 15% per year. How many years will you need to
2- Suppose you can afford to invest $850 each month into an account that pays 15% per year. How many years will you need to make this monthly investment for your account to be worth $1,500,000? (Assume the first investment will begin one month from today)
21.05 years 20.08 years 16.55 years 15.85 years None of the above |
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