Multiple Choice
$P is deposited today in a fund which earns j12 = 6% for the 1st year,j4 = 6% for the 2nd year and j2 = 6% thereafter.At the end of 4 years,there is $12,000 in the fund.What is P?
A) $9461.84
B) $9505.12
C) $9747.82
D) $10,038.06
Correct Answer:
Verified
Correct Answer:
Verified
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