Multiple Choice
If Murphy puts $45,000 into an investment that earns 12% compounded monthly, and after three years he withdraws $30,000, how much money will the investment be worth seven years after the withdrawal?
A) $79,316
B) $49,506
C) $92,142
D) $69,202
E) $118,517
Correct Answer:
Verified
Correct Answer:
Verified
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