Math, asked by shivkrsharma4913, 9 months ago

What amount must you invest now at 4% compounded monthly to accumulate $10,000 after 3 year

A) 8695 B) 7695 C) 3695 D) 4695

Answers

Answered by sarvesh8045

0

Answer:

correct option(a) 8695

Step-by-step explanation:

Given: j = 4%, m= 12, FV = $10,000, Term= 3.5 years

Then n =m *Term 12(3.5) 42

Answered by Himanshupal2006

0

Answer:

8695

Step-by-step explanation:

a=10000×(104/100)^3

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