Question: Problem 9: Calculating Present Values. You need $50,000 in 12 years. If you can earn 0.25% per month, how much will you have to deposit

Problem 9: Calculating Present Values. You need $50,000 in 12 years. If you can earn 0.25% per month, how much will you have to deposit today? I will have to deposit today. Answer: -34899.94

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