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Assume you just received an inheritance of $150,000, and would like to invest it for your retirement 40 years from now. You have found an
Assume you just received an inheritance of $150,000, and would like to invest it for your retirement 40 years from now. You have found an investment that will earn a return equivalent to 9% annual rate compounded monthly. Ignoring taxes, etc, how much will you have at the end of 40 years? Calculation
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