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Previous Problem Problem List Next Problem (1 point) If you need $20,000 eight years from now, what is the minimum amount of money you need
Previous Problem Problem List Next Problem (1 point) If you need $20,000 eight years from now, what is the minimum amount of money you need to deposit into a bank account that pays 6% annual interest, compounded (give your answers to the nearest cent): (a) annually? $ (b) monthly? $ (c) daily (assuming 365 days in a year)? $
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