Question: Five years from today, you would like to withdraw $5,000 from an account that pays an interest rate of 5% per year.How much do

Five years from today, you would like to withdraw $5,000 from an account that pays an interest rate of 5% per

Five years from today, you would like to withdraw $5,000 from an account that pays an interest rate of 5% per year.How much do you need to deposit in the account one year from today in order to make the withdrawal?

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