An advertised investment product promises to pay $439 per month for 74 months commencing in 1...

An advertised investment product promises to pay $439 per month for 74 months commencing in 1 month from today.

If the investment earns 12.0% p.a compounding monthly, how much will the investment product cost today? (round to nearest cent; don’t use $ sign or commas) Select one:

a. $22877.57 b. $23106.35 c. $1839.59 d. $2060.34

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jeff jeffy answered 1 year ago

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