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Gus Locklin is planning to open an investment firm in 3 years and currently has an amount of $278,660.00. Given an interest rate of 12.00%
Gus Locklin is planning to open an investment firm in 3 years and currently has an amount of $278,660.00. Given an interest rate of 12.00% compounded monthly, how much will they have in 3 years?
a. $398,698.03 | ||
b. $279,354.05 | ||
c. $391,497.24 | ||
d. $1,085,652.67 |
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