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You put $125.32 at the end of each month in an investment plan that pays 2.5% interest, compounded monthly. How much will you have after 23 years? Round to the nearest cent.

Verified Answer :

Hagrid

you invested 125.32 dollars per month for 23 years with 2.5 interests.
Let's find out how much money will we earn in 23 years.
=> 23 years = 276 months
=> 125.32 0.025 = 3.13 dollars per month of interests
=> 125.32 + 3.13 = 128.45 dollars per month
=> 128.45 dollars 276 months = 35, 453 dollars in 23 years,

profanthem

Answer:


a.

$46,683.28

Step-by-step explanation:

it was right on edge

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