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

Question

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

Quizplus · Accepted Answer

The Answer of 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

Shaun Wants to Invest His Money Such That He Accumulates