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You have $15,000 that you want to invest. You expect your investment to yield 7% annual growth (compounded monthly) over the long term. In addition

  1. You have $15,000 that you want to invest. You expect your investment to yield 7% annual growth (compounded monthly) over the long term. In addition to your up-front investment, you want to invest another $250/month into that investment. How much will your investment be worth in 20 years?

    $130,232

    $190,812

    $181,032

    $204,753

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