If Murphy Puts $45,000 into an Investment That Earns 12

question 118

Multiple Choice

If Murphy puts $45,000 into an investment that earns 12% compounded monthly, and after three years he withdraws $30,000, how much money will the investment be worth seven years after the withdrawal?

• A) $79,316
• B) $49,506
• C) $92,142
• D) $69,202
• E) $118,517

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A psychoactive drug derived from the Cannabis plant, used for medical or recreational purposes, known for its relaxing effects.

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