Multiple Choice
Bernie invested a sum of money 7 year(s) ago in a savings account, which has since paid interest at the rate of 8% / year compounded quarterly. His investment is now worth $22,927.66. How much did he originally invest? Round your answer to the nearest cent.
A) $12,924.83
B) $13,169.06
C) $13,006.24
D) $13,087.65
E) $13,250.47
Correct Answer:
Verified
Correct Answer:
Verified
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