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You are considering an investment in a Third World bank account that pays a monthly rate of 1.5%, compounded monthly. If you invest $5,000 at

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You are considering an investment in a Third World bank account that pays a monthly rate of 1.5%, compounded monthly. If you invest $5,000 at the beginning of each month, what will you have after 38 months from now (i.e., your account balance at the end of 38th month). $257,403.42 $190,000.00 $253,599.43 $199,500.00

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