What will be the value of the investment after seven years
Problem
A financial adviser recommends that a client deposit $3,500 into a fund that earns 6.5% annual interest compounded monthly. What will be the value (in dollars) of the investment after 7 years?
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A financial adviser recommends that a client deposit $3,500 into a fund that earns 6.5%. What will be the value (in dollars) of the investment after 7 years?
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