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(a) Philippa is considering investing 300 at the end of each month for the next 35 years. How much will this investment be worth at

(a) Philippa is considering investing 300 at the end of each month for the next 35 years. How much will this investment be worth at the end of the 35 years if she earns an average annual rate of return of 6 percent compounded monthly? [3 marks]

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