Question: Problem 3: An individual would like to have 10,000 saved in an account at the end of three years. If the return on the account

Problem 3: An individual would like to have 10,000 saved in

Problem 3: An individual would like to have 10,000 saved in an account at the end of three years. If the return on the account is 7% per year with monthly compounding, how much must be deposit today in order to reach his savings goal in three years

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