How much money should be invested now (rounded to the nearest cent), called the initial investment, in a Treasury Bond investment that yields 9% per year, compounded monthly for 10 years, if you wish it to be worth $50,000 after 10 years? Hint: cap a left parenthesis t right parenthesis equals cap a sub o left parenthesis one plus start fraction r over 12 end fraction right parenthesis to the power of 12 t end power comma where A(t) is the final amount, A0 is the initial investment, r is the growth rate expressed as a decimal amount, and t is time in years.
$21,120.54
$5,450.00
$122,567.85
$20,396.8