You are considering investing in a bank account that pays a

Last updated: 8/12/2022

You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $3,000 at the end of each month, how many months will it take for your account to grow to $310,000? a. 72.18 b. 81.11 c. 90.84 O d. 93.27 Oe. 95.70 1