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Which of the following investment options will maximize your future wealth at the end of 22 years? Assume any funds that remain invested will earn
Which of the following investment options will maximize your future wealth at the end of 22 years? Assume any funds that remain invested will earn a nominal rate of 11% compounded monthly. (a) Deposit $5,100 now. (b) Deposit $70 at the end of each month for the first 17 years. (c) Deposit $40 at the end of each month for 22 years. (d) Deposit a lump sum in the amount of $15,300 at the end of year 17
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