Business
Business, 18.02.2021 19:40, CameronVand21

You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $3,000 at the end of each month, how many months will it take for your account to grow to $375,000? Note that if the final answer is not a whole number, be sure to round it up to the nearest whole number. Select the correct answer. a. 99 b. 95 c. 97 d. 93 e. 101

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