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