Mathematics, 02.08.2019 15:30 1846252

Assume that you must make a $1,000 payment one year from today. how much must you deposit today in a bank account that pays a 6% nominal rate, monthly compounding, to have the needed funds a year from now? a. $1,060.13 b. $ 941.91 c. $ 999.27 d. $ 970.17 e. $1,029.25

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