You want to create a fund to reach the goal of $ 2,000,000 within 5...
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Finance
You want to create a fund to reach the goal of $ 2,000,000 within 5 years through past monthly payments due, with a return rate of 6.3% compounded monthly. How much was generated from interest?
Options:
a) $853,356.29
b) $586,574.83
c) $293,287.41
d) $1,706,712.59
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