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You are considering investing in a bank account that pays a nominal annual rate of 6%, compounded monthly. If you invest $5,000 at the end

You are considering investing in a bank account that pays a nominal annual rate of 6%, compounded monthly. If you invest $5,000 at the end of each month, how many months will it take for your account to grow to $200,000? Round fractional years up. a. 45 b. 37 c. 33 d. 41

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