Question: EXAMPLE Rene Weaver needs $20,000 for college in 4 years. She can earn 8% compounded quarterly at her bank. How much must Rene deposit at

EXAMPLE Rene Weaver needs $20,000 for college in 4 years. She

EXAMPLE Rene Weaver needs $20,000 for college in 4 years. She can earn 8% compounded quarterly at her bank. How much must Rene deposit at the beginning of the year to have $20,000 in 4 years? Present value of $1 at end of period

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