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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

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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 $15,000 that she needs to help cover some of her projected expenses. The account she would open would earn 8% per year compounded annually. So how much would she have to deposit today to accumulate $15,000 in three years? Or, stated differently, what is the value of $15,000 ? (Note: Round your answer to the nearest whole dollar.) I think that Sarah would have to deposit so that she would have the desired $15,000 at the end of three years. Is that what you got when you solved the problem? GABRIELLA: Yes it ist 1 think we've got a good start on getting ready for Dr. Thibodeaux's next quiz

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