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What amount will receive at the end of the term

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Reference no: EM132769195

Problem 1: You invested $25,000 in an investment that accrues interest at the rate of 6% per year, compounded monthly. The initial investment plus the accrued interest will be repaid to you in 10 years. What amount will you receive at the end of the term?

Reference no: EM132769195

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