It should be invested into a monthly annuity-due of 25 EUR paid in the beginning of each month. Interest rate is calcula

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It should be invested into a monthly annuity-due of 25 EUR paid in the beginning of each month. Interest rate is calcula

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It Should Be Invested Into A Monthly Annuity Due Of 25 Eur Paid In The Beginning Of Each Month Interest Rate Is Calcula 1
It Should Be Invested Into A Monthly Annuity Due Of 25 Eur Paid In The Beginning Of Each Month Interest Rate Is Calcula 1 (33.86 KiB) Viewed 45 times
It should be invested into a monthly annuity-due of 25 EUR paid in the beginning of each month. Interest rate is calculated on monthly basis with the nominal annual interest rate being equal to 6.00 %. Please determine after how many years the account balance has reached 1,500.00 EUR, Select one: A. 7.1 years B. 9.7 years C. 3.5 years D. 4.4 years
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