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PLEASE SHOW WORK :) Question 1 1/1 pts You want to purchase a new boat 7 years from now. You expect the boat to cost

PLEASE SHOW WORK :)

Question 1 1/1 pts You want to purchase a new boat 7 years from now. You expect the boat to cost $6,000 7 years from now. You can earn 5% on your savings. How much would you have to deposit today to have enough to buy the boat in 7 years? Round your answer to 2 decimals, for example 100.21. ct! 4,264.39 Answer 4,264.09 margin of error +/- 1

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