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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 $455,000 ? a. 37.27 months b. 120.45 months c. 95.90 months d. 38.19 months e. 120.95 months
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