Twenty years ago,you began investing $200 a month.Because your investments earned an average of 8 percent a year,your investment portfolio has a current dollar value of $128,000.How much did you earn on your investments over the 20-year period of time?
A) $48,000
B) $60,000
C) $80,000
D) $100,000
E) $128,000
Correct Answer:
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