Question: *Please show me the formula or a step by step process on how you retrieve the answers. How much money should be deposited in an

*Please show me the formula or a step by step process on how you retrieve the answers.

How much money should be deposited in an account paying at the rate of 8.5%/year compounded quarterly so that at the end of 5 years, the accumulated amount will be $40,000? Assume that there will be no further deposits or withdrawals.

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