Multiple Choice
If you want to have $4,200 in 29 months,how much money must you put in a savings account today? Assume that the savings account pays 12% and it is compounded monthly (round to nearest $1) .
A) $3,147
B) $3,009
C) $2,678
D) $2,439
Correct Answer:
Verified
Correct Answer:
Verified
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