Present Value Computation Paul Jefferson made a deposit into his savings account three years ago, and earned interest at an annual rate of eight percent. The deposit accumulated to $30,000. How much was initially deposited assuming that the interest was compounded (a) annually, (b) semiannually, and (c) quarterly? Use Excel or a financial calculator for computation. Round answers to the nearest dollar. (a) Annually $ 0 (b) Semiannually $ 23,709 (c) Quarterly $ 23,655

Present Value Computation How much was initially deposited aswuming that the interest was cornpounded (a) annualy, (b) semiannually, and (c) quarterly