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If $2,000 Were Invested at the End of Every Three

Question 111

Multiple Choice

If $2,000 were invested at the end of every three months, how long would it take to accumulate $475,000 at 10% compounded quarterly? (rounded up to the nearest whole year)


A) 60 years
B) 79 years
C) 27 years
D) 20 years
E) 14 years

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