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If an investment can earn 4% compounded monthly, what amount must you invest now in order to accumulate $12,000 after 3 1/2 years? $12,173.85 $13,912.97

If an investment can earn 4% compounded monthly, what amount must you invest now in order to accumulate $12,000 after 3 1/2 years? $12,173.85 $13,912.97 $17,391.21 $10,434.73 $15,652.09 None of the answers is correct

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