AIR MATH

Math Question

Question 9
1 pts
How much money would you need to deposit today at \( 5 \% \) annual interest compounded monthly to have \( \$ 20000 \) in the account after 9 years?
\( \$ 12,765 \)
\( \$ 31,337 \)
\( \$ 9,000 \)
\( \$ 7,852 \)

Solution

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