If pauls agent invests the total sum at 12 nominal interest, Business Economics

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If pauls agent invests the total sum at 12 nominal interest

Paul Randolph, a first-round NFL draft selection, signs a contract that pays him $750,000 for signing. If Paul's agent invests the total sum at 12% nominal interest compounded monthly, how much will Paul have at the end of 2 years? (Answer: $952,500)

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