Question: Present Value Computation Pete Frost made a deposit into his savings account three years ago, and earned interest at an annual rate of 8%. The

Present Value Computation Pete Frost made a deposit into his savings

Present Value Computation Pete Frost made a deposit into his savings account three years ago, and earned interest at an annual rate of 8%. The deposit accumulated to $25,000. 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 $ (b) Semiannually $ (c) Quarterly $ 0 0

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