Question: Solve the problem. 3) Suppose you start saving today for a $$ 8000$ down payment that you plan to make on a condo in 4

 Solve the problem. 3) Suppose you start saving today for a

Solve the problem. 3) Suppose you start saving today for a $\$ 8000$ down payment that you plan to make on a condo in 4 years. Assume that you make no deposits into the account after your initial deposit. The account has quarterly compounding and an APR of $6 \%$. How much would you need to deposit now to reach your $\$ 8000$ goal in 4 years? A) $\$ 5893.39$ B) $\$ 6304.25$ C) $\$ 5969.40$ D) $\$ 6893.39$ CS.VS. 1275|

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