Multiple Choice
Mr. Alphin plans to invest $250 at the end of each month in an account that pays an annual rate of 9%, compounded monthly. After how many months will the account be worth $80,000? Round your answer to two decimal places.
A) 281.60 months
B) 105.52 months
C) 315.96 months
D) 235.26 months
E) 163.78 months
Correct Answer:
Verified
Correct Answer:
Verified
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