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Consider an Investor Who Invests $600 Per Month (End-Of-Month)over Thirty

Question 17

Multiple Choice

Consider an investor who invests $600 per month (end-of-month) over thirty years in a mutual fund that earns 1% per month.What is the future value of her savings?


A) $2,096,978.48
B) $2,606,514.35
C) $2,159,806.22
D) $2,122,696.21
E) $2,545,722.36

Correct Answer:

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