Question: 3. How much do you need to deposit in your saving account in todays money, which earns 10% compound interest, to be able to collect

3. How much do you need to deposit in your saving account in todays money, which earns 10% compound interest, to be able to collect $8,574.35 in 8 years? Solve this problem using the mathematical method showing all steps. Then solve the problem using Excel present value (PV) calculations (show the changes in saving over all 8 years)

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