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Aptitude
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Verbal Reasoning
Computer Science
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Compound Interest
If an investment can earn 4% compounded monthly, what amount must you invest now in order to accumulate $10,000 after 3 years?
8695.61
6786
3478
4092
Show Answer
Correct Answer:
8695.61
Explanation:
i=j/m
PV = FV (1+ i)^-n
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