Question: 1 . Kathy needs to have $ 1 2 , 2 0 0 three years from now. The investment she is considering pays 5 %

1. Kathy needs to have $12,200 three years from now. The investment she is considering pays 5% compounded semi-annually, 6% compounded quarterly, and 3% compounded monthly in successive years. To achieve her goal, how much money does she need to place into the investment today?

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