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You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $2,600 at the end

You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $2,600 at the end of each month, how many months will it take for your account to grow to $485,000?

a. 39.07 months

b. 126.07 months

c. 38.14 months

d. 126.59 months

e. 99.64 months

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