Question: Previous Problem Problem List Next Problem (1 point) If you need $20,000 eight years from now, what is the minimum amount of money you need

Previous Problem Problem List Next Problem (1 point) If you need

Previous Problem Problem List Next Problem (1 point) If you need $20,000 eight years from now, what is the minimum amount of money you need to deposit into a bank account that pays 6% annual interest, compounded (give your answers to the nearest cent): (a) annually? $ (b) monthly? $ (c) daily (assuming 365 days in a year)? $

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