Question: HW 2A Question 4 This set of problems is designed to be calculated using the Excel or financial calculator . You can also use algebraic

HW 2A

Question 4

This set of problems is designed to be calculated using the Excel or financial calculator. You can also use algebraic formulas. Do not use financial tables to calculate these problems.

If you want to have $287,667 in 7 years, how much money should you put in a savings account today? Assume that the savings account pays you 5.2 percent and it is compounded annually.

Round the answer to two decimal places

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