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If You Deposit $2,500 into an Investment That Grows at 13.2

Question 5

Multiple Choice

If you deposit $2,500 into an investment that grows at 13.2% compounded monthly, what will its value be in 17.5 years?

A) $24,870
B) $57,750
C) $21,890
D) $48,901
E) $16,211

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