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Problem: You are currently investing your money in a bank account which has a nominal annual rate of 9 percent, compounded monthly. If you invest $900 at the end of each month, how many months will it take for your account to grow to $301,066.27 (rounded to the nearest month)?
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Problem: You are currently investing your money in a bank account which has a nominal annual rate of 9 percent, compounded ...
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