Question: If you need $ 3 7 , 0 0 0 fifteen years from now, what is the minimum amount of money you need to deposit

If you need $37,000 fifteen years from now, what is the minimum amount of money you need to deposit into a bank account that pays
7% annual interest, compounded as follows.
For ease of calculation, assume there are 365 days in each of the years.
(a) Annually
Round your answer to two decimal places.
$
(b) Monthly
Round your answer to two decimal places.
$
(c) Daily
Round your answer to two decimal places.
 If you need $37,000 fifteen years from now, what is the

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