Question: Given below are the future value factors for 1 at 9% for one to five periods. Interest is compounded annually at 9%. Periods Future

Given below are the future value factors for 1 at 9% for one to five periods. Interest is compounded annually at 9%. Periods Future Value of 1 at 9% 1 1.090 2 1.188 3 1.295 4 1.412 1.539 What amount should be deposited in a bank account today to grow to $23600 three years from today?

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