Question: If an investor planned to put a side $30 per month for next 20 year and the investor combined that with $1,000 already saved, how

If an investor planned to put a side $30 per month for next 20 year and the investor combined that with $1,000 already saved, how much should the investment be worth after 20 years? Assume 9 percent annual growth with monthly compounding and select the value closest to the correct answer.

a. $7,139

b. $22,597

c. $24,022

d. $26,046

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