Question: Rochelle Kotter wants to attend a university 5 years from now. She will need $88,000. Assume Rochelles bank pays 3 percent interest for a 5-

Rochelle Kotter wants to attend a university 5 years from now. She will need $88,000. Assume Rochelles bank pays 3 percent interest for a 5- year CD compounded monthly. What must Rochelle deposit today to accumulate $ 88,000 in 5 years?

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