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If you save $300 per month and earn 9 percent interest per year compounded monthly you will have approximately how much money after 40 years?

If you save $300 per month and earn 9 percent interest per year compounded monthly you will have approximately how much money after 40 years?

Multiple Choice

  • $1.7 million

  • $3.25 million

  • $2.1 million

  • $900,000

  • $1.4 million

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