If you want to have $3,575 in 29 months, how much money must you put i
If you want to have $3,575 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) $2,438 B) $3,008 C) $3,147 D) $2,679
ANSWER
D
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