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Question 3 (1 point) You save $500 each month for the next 40 years at an annual rate of 8%. Assuming annual compounding how much

Question 3 (1 point) You save $500 each month for the next 40 years at an annual rate of 8%. Assuming annual compounding how much money will you have in 40 years? None of the answers is correct $1,610,540 $2,532.214 $1,745,504 $240,000

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