Question: A saving account earns a discount rate d ( 1 2 ) = 9 % . Smith needs to accumulate $ 8 0 0 one

A saving account earns a discount rate d
(12)=9%. Smith needs to accumulate $800 one year
from now. How much does Smith need to deposit now? (I get the answer are 733.94 and 284.43, I don't know which is correct or none of them are correct. I want to know how to solve this problem, please help me

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