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How much money would I need to deposit now in order to have $35,000 in four years. My savings account pays 0.03% interest. Determine the
How much money would I need to deposit now in order to have $35,000 in four years. My savings account pays 0.03% interest.
Determine the amount needed to be deposited today (as a onetime deposit) in order to have $35,000 four years from now. Please show all work.
Compounded:
Annually
Semi annually
Quarterly
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