Question: gen Present Value Computation Pete Frost made a deposit into his savings account 3 years ago and earned interest at an annual rate of 8%.

gen Present Value Computation Pete Frost made a deposit into his savings account 3 years ago and earned interest at an annual rate of 8%. The deposit accumulated to $21,000. How much was initially deposited assuming that the interest was compounded(a) annually. c) semiannually, and quarterly? Use Excel or a financial calculator for computation. Round your answer to nearest dollar. 0 by Semiannually 3 10 Quarterly 0

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