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Solve the Problem. -How Much Money Should You Invest Now to Have $15,000

Question 34

Multiple Choice

Solve the problem.
-How much money should you invest now to have $15,000 in 9 years if you invest the money at a Rate of 1.2%, compounded monthly?


A) $13,465.14
B) $14,211.87
C) $15,000.00
D) $14,865.67

Correct Answer:

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