$4000 deposited at 6% interest compounded monthly will grow to $13,240.82 in 20 years. What is the i, n, P, and F for this situation?
A. 0.005; 240; $4000; $13,240.82
B. 0.01; 20; $4000; $13,240.82
C. 0.05; 240; $13,240.82; $4000
D. 6%; 20; $4000; $13,240.82
E. none of these
Answer: A
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