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, many months will it take for your account to grow to $440,000? how a. 38.27 months b. 121.45 months c. 37.35 months d. 120.94 months e. 96.23 months

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You are considering investing in a bank account that pays a nominal annual rate of 796 , compounded monthly. If you invest $2,500 at the end of each month, how many mouths will it take for your account to grow to $440,000 ? a. 38.27 months b. 121.45 months c. 37.35 montrs d. 120.94 months e. 96.23 months