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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 2 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 2-year period is calculated as: Select one: a. $149,657.33 b. $192,060.24 c. $98,524.41 d. $134,691.59 e. $519,703.02
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