You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $2,500 at the end of each month, how many months will it take for your account to grow to $445,000? a. 96.89 months b. 38.42 months c. 121.93 months d. 37.50 months Oe. 122.44 months

fou are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $2,500 at he end of each month, how many months will it take for your account to grow to $445,000 ? a. 96.89 months b. 38.42 months C. 121.93 months d. 37.50 months e. 122.44 months