Question: Present Value Computation Zazzi, Inc., believes it will need $100,000 in five years to expand its operations. Zazzi can earn 5%, compounded annually, if it

Present Value Computation Zazzi, Inc., believes it will need $100,000 in

Present Value Computation Zazzi, Inc., believes it will need $100,000 in five years to expand its operations. Zazzi can earn 5%, compounded annually, if it deposits its money right now. How large of a deposit must Zazzi make in order to have the necessary $100,000 in five years? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. Check

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