[Steps Shown] Josie spends $60 at the end of each month on cigarettes. If she stops smoking and invests the same amount in an investment plan paying 6%
Question: Josie spends $60 at the end of each month on cigarettes. If she stops smoking and invests the same amount in an investment plan paying 6% compounded monthly, how much will she have after 5 years? (4 marks)
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