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Anthony Kiedis of the RHCP will invest in an account that pays an interest rate of 6% annual nominal, compounded monthly. Anthony will deposit $40,000
Anthony Kiedis of the RHCP will invest in an account that pays an interest rate of 6% annual nominal, compounded monthly. Anthony will deposit $40,000 into the account today (t=0). What amount will be in Anthony's account 20 years from today? (t=20)?
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