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  3. your electric bill will average $150 per month. y

Your electric bill will average $150 per month. You want to fund 6 months...

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Question

Accounting

Your electric bill will average $150 per month.

You want to fund 6 months of your electric bill starting next month.

How much would you have to invest today to exactly pay for your electric bill, if your investments earn 5.00% APR (compounded monthly)?

Group of answer choices

$905

$861

$887

$914

Answer & Explanation Solved by verified expert
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