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Please Show Work Problem No. 1 How much do you need to put in the bank today to have $80,000 in the account 20 years

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Problem No. 1 How much do you need to put in the bank today to have $80,000 in the account 20 years from now if the APR is 24% compounded monthly? How much must you deposit today if your investment is compounded semi-annually with an APR of 24% to have $80,000 in the account 15 years from now? What is the effective interest rate for the SEMI-ANNUAL compounding investment

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