Question: Need help solving Required information Suppose you want to have $40000 in 12 years. What is the difference in required investment P, when the interest

Need help solving

Required information Suppose you want to have $40000 in 12 years. What is the difference in required investment P, when the interest is compounded semiannually and monthly? Take the annual interest rate as 4% The difference in the required investment is $

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