If an investment can earn 4% compounded monthly, what amount

Last updated: 7/12/2022

If an investment can earn 4% compounded monthly, what amount must you invest now in order to accumulate $12,000 after 3 1/2 years? $12,173.85 $13,912.97 $17,391.21 $10,434.73 $15,652.09 None of the answers is correct