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 $310,000?
A) 95.70
B) 90.84
C) 72.18
D) 81.11
E) 93.27
Correct Answer:
Verified
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