Using compound interest formula

Reference no: EM1315775

Question: How much money would have to be deposited now at 12% compounded yearly, in order to reach a balance of USD 3,000 in 3 years? Show your work.

[A] $2518.86

[B] $2114.88

[C] $2135.34

[D] $4255.56

Reference no: EM1315775

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Using compound interest formula

Reference no: EM1315775

Reference no: EM1315775

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