Question: 49. You will need $10,000 exactly five years from today. How much must you deposit today, in a bank account that earns 7% interest compounded

49. You will need $10,000 exactly five years from today. How much must you deposit today, in a bank account that earns 7% interest compounded annually, to meet your requirement?

Group of answer choices

$1,738.91

$17,129.86

$7,129.86

$9,713.37

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