You are considering an investment in a Third World bank account that pays a nominal annual rate of 18 N, compounded monthly. If you investn$5,000nat the beginning of each month how many months would it take for your account to grow ton$170,000? Round fractional months up. 

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Answer rating: 100% (QA)

It would take 31 months for your account to grow to 170000 Th... View the full answer