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Assume that you are considering an investment that has an upfront deposit of money and a monthly payment. You will invest $10,000 today and $50
Assume that you are considering an investment that has an upfront deposit of money and a monthly payment. You will invest $10,000 today and $50 monthly for the next 5 years. You will receive a 10% annual rate of return, but your investment is compounded monthly. How much money will you have in 5 years? (use two decimal places in your answer).
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