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QUESTION 39 You are considering an investment in a Third world bank account that pays a nominal annual rate of 18%, compounded monthly. If you

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QUESTION 39 You are considering an investment in a Third world bank account that pays a nominal annual rate of 18%, compounded monthly. If you invest $5,000 at the beginning of each month, how many months would it take for your account to grow to $450,000? Round fractional months up. a. 47 b, 51 c. 70 d. 57 e. 67

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