Question: Find the amount that should be set aside today to yield the desired future amount. The present value formula? Future amount needed I, $20,000 .

Find the amount that should be set aside today to yield the desired future amount. The present value formula?

Future amount needed I, $20,000 . $9,800 Future amount needed 5 EXCEL 2. $8,000 12 EXCEL 4. $14.700 Investment time (years) Interest rate 4% 2% Interest rate Investment time (years) Compounding semiannually semiannually Compounding quarterly annually 3% 20

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