Solved

How Much Money Would Have to Be Invested Today, at 9

Question 117

Multiple Choice

How much money would have to be invested today, at 9% compounded monthly in order to have $40,000 in seven years?

A) $21,353.81
B) $23,726,43
C) $33,786.03
D) $34,928.08
E) $5,071.92

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