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You are considering investing in a bank account that pays a

Question: You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $3,000 at the end of each month, how many months will it take for your account to grow to $150,000? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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