How much money would you have to deposit today at 9% annual interest compounded monthly to have $12000 in the account after six years?

P = $ 7007.08 option C

Step-by-step explanation:

given: r = 9% pa compounded monthly , n = 6 , Amount A = $ 12000

to find : P

formula used : A = P ( 1+r/1200)⁷²

P = A / (1 + r/1200)⁷²

P = (12000) / (1 + 9/1200)⁷²

P = 12000 / ( 1 + 3/400)⁷²

P = 12000 / ( 403/400)⁷²

P = 12000 / (1.0075)⁷²

P = 12000 / (1.71255)

pls mark brainliest

hi! i think the answer is 1/2 : )