Cody is 22 years old and receives $300 per month from a trust fund. If...

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Finance

Cody is 22 years old and receives $300 per month from a trust fund. If he decides to invest this money at the end of every month into an investment paying 7.25% compounded monthly, how much will he have when he turns 72? For full marks your answer(s) should be rounded to the nearest cent.

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