Obtain todays value assuming monthly compounding

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Suppose 20 years ago your mother deposited 2,500 in an account earning 12%. After 10 years she withdrew 1000. Obtain today’s value assuming monthly compounding.

Options

A. 23931

B. 23933

C. 23935

D. 23937

E. None of the above

Reference no: EM13789462

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