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9. Chapter MC, Section .04, Problem 164 You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded

9. Chapter MC, Section .04, Problem 164 You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $3,000 at the end of each month, how many months will it take for your account to grow to $150,000? Oa. 58.57 Ob. 48.40 Oc. 53.24 Od. 39.60 Oe. 44.00

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