16
QuizMultiple Choice

Topic Test

Question 16 • FT GMS AMDM B IC – 72

You put $300 at the end of each month in an investment plan that pays an APR of 7%. How much will you have after 18 years? Compare this amount to the total deposits made over the time period.

Answer
A
$129,201.10; $64,800
B
$129,211.25; $64,775
C
$130,964.27; $64,800
D
$131,218.51; $64,775
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