How much would you have to invest today at annual interest

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Reference no: EM13334283

(Monthly compounding) How much would you have to invest today at 12% annual interest, compounded monthly, in order to end up with $1,000 in your investment account at the end of 12 months?
$887.45
$892.86
$256.68
$990.10

Reference no: EM13334283

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