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Brenda Young desires to have $26200 saved after 15 years from now for her kid's college fund. If she will earn 3 percent (compounded annually)
Brenda Young desires to have $26200 saved after 15 years from now for her kid's college fund. If she will earn 3 percent (compounded annually) on her money, what amount should she deposit now? Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1- C, OR Exhibit 1-D] (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.) Your Answer: Answer Question 3 (1 point) What amount would you have if you deposited $3100 a year for 7 years at 6 percent (compounded annually)? Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1- C, OR Exhibit 1-D] (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.) Your
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