n amount of $5000 was invested with an annual interest rate of 5.5% compounded monthly....

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Finance

n amount of $5000 was invested with an annual interest rate of 5.5% compounded monthly. Answer the following and show all work:

2.a. What is the value of the investment after 20 years?

2.b.How much interest was earned?

2.c. What is the rate of return on the investment?

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