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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. O a. 95 months b. 135 months c. 71 months d. 114 months e. 121 months
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