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You signed a contract for 3 years with a signing bonus today of 274,000$. You will be paid 2.1$ million at the end of each of the first two years of the contract and 1.5$ million at the end of the third year. You plan to invest the signing bonus along with 20% of each year's salary as soon as you get it. If the ineterest rate is 5.1%, compounded monthly, how much would you have in the investment account at the end of 5 year? Show your work.

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Financial Management, Finance

Category:- Financial Management
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