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Suppose that $2,000 is the value obtained by investing $p at 5% annual interest, compounded monthly, for 13 years. Use compound interest to find the
Suppose that $2,000 is the value obtained by investing $p at 5% annual interest, compounded monthly, for 13 years. Use compound interest to find the answer.
A. p = 907.45
B. p = 1045.50
C. p = 1000.00
D. p = 1145.50
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