Jay wants to purchase a house in 2023 with a down payment of $100,000. He plans to place enough funds in a savings account in 2021 (today) that earns 2% a year, and withdraw the entire balance in the account in 2023. For Jay to have $100,000 balance in the savings account, how much does he need to deposit in 2021? $100,000.00 $96,116.88 $96,000.00 $98,039.22