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If you need $20,000.00 six years from now, determine for each of the compounding periods below the minimum amount of money you need to deposit

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If you need $20,000.00 six years from now, determine for each of the compounding periods below the minimum amount of money you need to deposit into a bank account that pays 7% annual interest. Round each answer to the nearest cent. a. Annually: $ b. Monthly: c. Daily: $

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