Question: A Question 6 (1 point) Retake question Listen Suppose you are depositing an amount today in an account that earns 6% interest, compounded monthly.

A Question 6 (1 point) Retake question Listen Suppose you are depositing an amount today in an account that earns 6% interest, compounded monthly.

A Question 6 (1 point) Retake question Listen Suppose you are depositing an amount today in an account that earns 6% interest, compounded monthly. Your goal is to have $12,000 in the account at the end of 7 years to purchase some replacement equipment in your business. How much must you deposit in the account today? Enter your answer rounded to 2 decimal places, ex. - 3,672.56 Hint - you will have to use Excel or your calculator for this one. Remember to adjust your "i" and "n" Your Answer: Answer

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