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Aptitude
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Verbal Reasoning
Computer Science
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Compound Interest
How much money would you need to deposit today at 9% annual interest compounded monthly to have $12000 in the account after 6 years?
9007
4007
7007.08
8oo7
Show Answer
Correct Answer:
7007.08
Explanation:
FV=P(1+r/n)^nt
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