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Kelsey's investment manager offers him an interest rate of 7.0% compounded monthly on his investments. If the manager changes his mind and offers him a
Kelsey's investment manager offers him an interest rate of 7.0% compounded monthly on his investments. If the manager changes his mind and offers him a rate of 7.0% compounded annually how much more would he have to deposit at the end of each year in order to accumulate $431,000 in 25 years
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