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Today is January 1. You estimate you will need to have $50,000 to start up your business in the future. You can invest $1,746.52 a
Today is January 1. You estimate you will need to have $50,000 to start up your business in the future. You can invest $1,746.52 a month and earn an APR of 9% compounded monthly. Your first investment will be made at the end of January. How long will it be until you have enough money to start your business (to the nearest month)? a. 32 months b. 26 months c. 28 months d. 27 months e. 25 months
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