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Just final answers You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $3,000
Just final answers
You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $3,000 at the end of each month, how many months will it take for your account to grow to $260,000? 74.57 59.79 83.01 58.39 70.35 You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $2,500 per year, beginning immediately. You will make 4 deposits in an account that pays 5.7% interest. Under these assumptions, how much will you have 4 years from today? $9,437.02 $11,508.57 $11,163.31 $13,465.02 $13,119.77 Step by Step Solution
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