How much money would you have to deposit today

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Reference no: EM131842735

How much money would you have to deposit today in order to have $5,000 in three years if the discount rate is 6 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

You can save $5,000 per year for the next two years in an account earning 6 percent per year. How much will you have at the end of the second year if you make the first deposit today? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

Reference no: EM131842735

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