If an investment can earn 4% compounded monthly, what amount must you invest now in order to accumulate $12,000 after 3

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If an investment can earn 4% compounded monthly, what amount must you invest now in order to accumulate $12,000 after 3 ½ years?*1 point
If an investment can earn 4% compounded monthly, what amount must you invest now in order to accumulate $12,000 after 3 ½ years?*
If an investment can earn 4% compounded monthly, what amount must you invest now in order to accumulate $12,000 after 3 ½ years?*
1 point
$12,173.85$13,912.97$17,391.21$10,434.73$15,652.09None of the answers is correct
$12,173.85$13,912.97$17,391.21$10,434.73$15,652.09None of the answers is correct
$12,173.85$13,912.97$17,391.21$10,434.73$15,652.09None of the answers is correct
$12,173.85$13,912.97$17,391.21$10,434.73$15,652.09None of the answers is correct
$12,173.85
$12,173.85
$12,173.85
$12,173.85
$13,912.97
$13,912.97
$13,912.97
$13,912.97
$17,391.21
$17,391.21
$17,391.21
$17,391.21
$10,434.73
$10,434.73
$10,434.73
$10,434.73
$15,652.09
$15,652.09
$15,652.09
$15,652.09
None of the answers is correct
None of the answers is correct
None of the answers is correct
None of the answers is correct