Question: Nadia decides to start saving for a new car. You would like to have $20,000 in the account in 5 years. How much would

Nadia decides to start saving for a new car. You would like to have $20,000 in the account in 5 years. How much would you need to deposit now if you open a savings account at 3.4% interest compounded quarterly. (assume a one-time lump deposit)?

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