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Shaun Wants to Invest His Money Such That He Accumulates

Question 155

Multiple Choice

Shaun wants to invest his money such that he accumulates $10 000 after 3 Shaun wants to invest his money such that he accumulates $10 000 after 3 years at a rate of 4% compounded monthly? How much money should he invest today? A) $8717.33 B) $9615.38 C) $9884.20 D) $8695.61 E) $11 500.06 years at a rate of 4% compounded monthly? How much money should he invest today?


A) $8717.33
B) $9615.38
C) $9884.20
D) $8695.61
E) $11 500.06

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