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If we have $150 today and can invest at 5% per year, how many months ( monthly compounding ) do we need to invest in
If we have $150 today and can invest at 5% per year, how many months (monthly compounding) do we need to invest in order to have $250 in the bank at the end?
A. 124.3
B. 125.6
C. 122.9
D. None of the above
Need computation and how to plug into calculator
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