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The treasurer of ABC Imports expects to invest $6,000 of the firm's funds in a long-term investment vehicle at the end of each month for

The treasurer of ABC Imports expects to invest $6,000 of the firm's funds in a long-term investment vehicle at the end of each month for the next 4 years. He expects that the company will earn 4% interest that will compound monthly. The value that these payments should have at the end of the 4-year period is calculated as:

Select one: a. $311,757.61 b. $400,088.93 c. $205,240.42 d. $280,581.85 e. $660,189.93

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