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 $150,000?
A)39.60
B)44.00
C)48.40
D)53.24
E)58.57

Question

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The Answer of 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 $150,000?
A)39.60
B)44.00
C)48.40
D)53.24
E)58.57

Are Considering Investing in a Bank Account That Pays a Nominal