Homework Problem Sarah wants to reduce the cost of graduate school by starting a savings plan today. As a sophomore, she has estimated that she has three years to accumulate the $30,000 that she needs to cover some of her projected expenses. The account she would open would earn 9% per year compounded annually. value So how much would she have to deposit today to accumulate $30,000 in three years? Or, stated differently, what is the present of $30,000? (Note: Do not round your intermediate calculations. Round your answer to the nearest whole dollar.) I think that Sarah would have to deposit so that she would have the desired $30,000 at the end of three years. Is that what you got when you solved the problem? CALEB: Yes it is! I think we've got a good start on getting ready for Dr. Johnson's next quiz. Homework Problem Sarah wants to reduce the cost of graduate school by starting a savings plan today. As a sophomore, she has estimated that she has three years to accumulate the $30,000 that sh cover some of her projected expenses. The account she would open would earn 9% per $38,851 year compounded annually. $23,166 So how much would she have to deposit cumulate $30,000 in three years? Or, stated differently, what is the present value of $30,000? (Note: Do not round your in $90,000 calculations. Round your answer to the nearest whole dollar.) I think that Sarah would have to deposit so that she would have the desired $30,000 at the end of three years. Is that what you got when you solved the problem? CALEB: Yes it is! I think we've got a good start on getting ready for Dr. Johnson's next quiz