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Which of the following investment options will maximize your future wealth at the end of 25 years? Assume any funds that remain invested will
Which of the following investment options will maximize your future wealth at the end of 25 years? Assume any funds that remain invested will earn a nominal rate of 9% compounded monthly. (a) Deposit $6,000 now. (b) Deposit $75 at the end of each month for the first 7 years. (c) Deposit $45 at the end of each month for 25 years. (d) Deposit a lump sum in the amount of $18,000 at the end of year 7. (a) If you deposit $6,000 now your future wealth at the end of 25 years will be $ (Round to the nearest dollar.)
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