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Find how much money will have at the end of the two years

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Problem 1: You just inherited $100,000. You are investing this money for two years at 0.6% compounding monthly interest rate. In whole dollars, how much money will you have at the end of the two years?

a. $116,283

b. $122,173

c. $112,360

d. $115,439

Reference no: EM132825484

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