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You are considering the purchase of an investment that pays an annual rate of 6.80%, compounded monthly. If you invest $3,500 at the end of

You are considering the purchase of an investment that pays an annual rate of 6.80%, compounded monthly. If you invest $3,500 at the end of each month, how many months will it take for your account to grow to $700,000? Round UP to the nearest whole month.

a.

71 months

b.

135 months

c.

114 months

d.

95 months

e.

121 months

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