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You are considering an investment in a Third World bank account that pays a nominal annual rate of 18N, compounded monthly. If you invest $5,000

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You are considering an investment in a Third World bank account that pays a nominal annual rate of 18N, compounded monthly. If you invest $5,000 at the beginning of each month how many months would it take for your account to grow to $170,000 ? Round fractional months u3. 22 28 34 31 23

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