Question: Keith wants to have $ 2 0 0 , 0 0 0 in 2 4 years to help his child attend college. If he can

Keith wants to have $200,000 in 24 years to help his child attend college. If he can earn an annual interest rate of 9.4 percent compounded annually, how much will he have to deposit today?
Multiple Choice
$23,664.37
$23,153.37
$8,333.33
$1,727,610.06

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