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You are considering investing in a bank account that pays a nominal annual rate of 7%, compooinded monthly, If you invest sg.0o0 at the end

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You are considering investing in a bank account that pays a nominal annual rate of 7%, compooinded monthly, If you invest sg.0o0 at the end of each month, how many months will it take for your account to grow to $400,000 ? Note that if the final answer is not a whole number, be sure fo round it up to the ncareat whole number. Select the correct answer. a. 96 b. 105 c. 93 d. 99 e. 102

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