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Suppose you invest $500/month for 40 years. How much will you have at the end of the 40th year if you earn 5% annually, compounded
Suppose you invest $500/month for 40 years. How much will you have at the end of the 40th year if you earn 5% annually, compounded monthly, on all monies invested.
Group of answer choices
$240,000
$763,807
$763,010
$103,692
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