You decide to deposit your money today in a bank account paying $9\mathrm{.}80\%$ inte$($aaarest$,$compounded monthly. If the value of your savings grows to $$6,700$ in $9$ years, how much did you deposit?a$.$ $$2,783$

b$.$ $$2,535$

c$.$ $$3,171$

d$.$ $$2,721$

e$.$ $$2,396$

Question $9$ Answer

a$.$

$$2,783$

b$.$

$$2,535$

c$.$

$$3,171$

d$.$

$$2,721$

e$.$

$$2,396$