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Suppose that a bank offers you a 4 % annual rate of return. You want to have $ 1 4 3 , 2 1 4

Suppose that a bank offers you a 4% annual rate of return.
You want to have $143,214 in your account one year from now.
How much money do you need to deposit today to accomplish this goal?
Group of answer choices
~$7,146
~$137,706
~$701,103
~$143,157
~$590,104

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