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c) Assuming that M&M invests $3,500 per year for 25 years,achieves an annual return of 9 percent, compounded monthly, howmuch will he accumulate in 25
c) Assuming that M&M invests $3,500 per year for 25 years,achieves an annual return of 9 percent, compounded monthly, howmuch will he accumulate in 25 years? (5 marks) = PV (1 + ¹) "² FV =PV c) Assuming that M\&M invests \( \$ 3,500 \) per year for 25 years, achieves an annual return of 9 percent, compounded monthly, how much will he accumulate in 25 years? ( 5 marks) \[ F V=\mathrm{PV}\l 2 answers
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