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Suppose you have a goal of saving up $30,000 by the end of 3 years. To help you reach that amount, you look up savings
Suppose you have a goal of saving up $30,000 by the end of 3 years. To help you reach that amount, you look up savings accounts online and find a savings account that pays out 5% nominal return compounded weekly. How much do you need to deposit into the account today for you to have $30,000 at the end of the next 3 years?
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