You want to have $100,000 in 2 years. If you found an investment account that pays you 9% annual rate with monthly compounding
You want to have $100,000 in 2 years. If you found an investment account that pays you 9% annual rate with monthly compounding, how much do you need to deposit today?
A. 84,593
B. 85,168
C. 84,168
D. 83,693
E. 83,583