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The FernRod Motorcycle Company invested $350,000 at 4.5% compounded monthly to be used for the expansion of their manufacturing facilities. How much money will be
The FernRod Motorcycle Company invested $350,000 at 4.5% compounded monthly to be used for the expansion of their manufacturing facilities. How much money will be available for the project in
5
1 |
2 |
years?
(Round your answer to the nearest dollar.)
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