Mathematics, 25.04.2021 23:10 mtinoco

PLEASE HELP!!! How much money should be invested now (rounded to the nearest cent), called the initial investment, in a Corporate Bond investment that yields 8% per year, compounded monthly for 10 years, if you wish it to be worth $30,000 after 10 years? Hint: cap a left parenthesis t right parenthesis equals cap a sub o left parenthesis one plus start fraction r over 12 end fraction right parenthesis to the power of 12 t end power comma where A(t) is the final amount, A0 is the initial investment, r is the growth rate expressed as a decimal amount, and t is time in years. (7 points)

$3,240.00
$13,515.70
$66,589.25
$13,895.80

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