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solina solina
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7 years ago
Your investment goal is to have $3,000,000 in 40 years for retirement. You decide to invest in a mutual fund today that pays 12% per year compounded monthly. How much must you invest at the end of each month to meet your investment goal? Round to the nearest $1.
A) $245
B) $255
C) $285
D) $305
E) $315
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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LutionalLutional
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7 years ago
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solina Author
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#2
7 years ago
Thank you
-solina
Heavy Heart Thank you bio-forums! Heavy Heart
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