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What deposit made today produces a payment of $2,000 in three years? Assume the annual effective rate of interest is 5%. (use a decimal number
What deposit made today produces a payment of $2,000 in three years? Assume the annual effective rate of interest is 5%. (use a decimal number rounded to 100 th, such as 1234.56 without \$ sign) := 1a(v)Q1H Homework - Unanswered - Due Today, 11:59 PM What deposit made today will provide for a payment of $1,000 in 1 year and $2,000 in 3 years, if the effective rate of interest is 7.5% ? (express your answer in decimal number rounded to 10th, such as 1234.5 in dollar amount without \$ sign)
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