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 $ fifteen years from now, what is the minimum amount of money you need to deposit into a bank account that pays
annual interest, compounded as follows.
For ease of calculation, assume there are 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.
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