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You would like to have $550,000 in 25 years and find an account which pays 4.5% compounded monthly. a) How much would you have to

You would like to have $550,000 in 25 years and find an account which pays 4.5% compounded monthly. a) How much would you have to invest NOW (as one sum) to achieve your goal? b) How much would you have to invest monthly to achieve your goal

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