Answered

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Lana wants to have $100,000 in 20 years. She plans to invest $8,000 to start and make yearly payments of $1,500 to the account. She will be receiving 7.5% interest compounded monthly on her investment. Will she reach her goal?
No
Yes

Sagot :

Answer:

Yes Lana will reach her goal she'll have 10,414.58 by the end of the 6 years,

Step-by-step explanation:

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