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What was josh original investment amount

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Reference no: EM133009903

Problem 1: Josh has an investment that has now grown to $60,000. If this investment has been earning 12.5% interest with monthly compounding for the past 18 years, what was his original investment amount?

Group of answer choices

Option 1: $6,397.98

Option 2: $3,333.33

Option 3: $7,201.22

Option 4: $562,677.46

Reference no: EM133009903

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