Question: determine if it is a simple interest problem, a compound interest problem, a savings annuity problem, or a payout annuity problem: Kenji is managing investments

determine if it is a simple interest problem, a compound interest problem, a savings annuity problem, or a payout annuity problem: Kenji is managing investments for a non-profit company. He would like to invest some money in an account earning 5% APR compounded annually with the goal to have $30,000 in the account in 4 years. How much should Kenji deposit into the account?

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