Business, 26.11.2019 18:31 michaellangley

You are considering investing in a european bank account that pays a nominal annual rate of 18%, compounded monthly.

if you invest $5,000 at the beginning of each month, how many months would it take for your account to grow to $250,000?

a. 23

b. 27

c. 32

d. 38

e. 44

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