Question: Please show me step by step : How much money do I need to deposit today into a bank account that pays a 2.00% annual
Please show me step by step :
How much money do I need to deposit today into a bank account that pays a 2.00% annual interest rate to have $250,000.00 at the end of 20 years? Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.
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