Question: Given below are the present value factors for $1.00 discounted at 11% for one to five periods. Interest is compounded annually at 11%. Present Value

Given below are the present value factors for $1.00 discounted at 11% for one to five periods. Interest is compounded annually at 11%. Present Value of $1 Periods Discounted at 11% per Period 1 0.901 0.812 N 3 0.731 4 0.659 5 0.593 If an individual deposits $22800 in a savings account today, what amount of cash would be available two years from today

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