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You are considering investing in a bank account that pays a nominal annual rate of 5%, compounded monthly. If you invest $3,000 at the end
You are considering investing in a bank account that pays a nominal annual rate of 5%, compounded monthly. If you invest $3,000 at the end of each month, how many months will it take for your account to grow to $150,000? A) 45.51 B) 46.16 c) 47.31 D) 44.48 E) 42.95
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