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Given an initial investment of $ 8 , 0 0 0 , saved for 1 5 years at 5 % annual interest rate, What if
Given an initial investment of $ saved for years at annual interest rate, What if the annual interest rate was compounded monthly?
Situation c: $ initial investment for years.
Situation c: Five annual payments of $ starting at the end of the first year.
NOTE for c: You must do the calculation year by year.
Question: What is the total amount of money for situation c
Question: What is the total amount of money for situation c
What is the best investment option?
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