Question: Tanja wants to establish an account that will supplement her retirement income beginning 20 years from now. Find the lump sum she must deposit today

Tanja wants to establish an account that will supplement her retirement

Tanja wants to establish an account that will supplement her retirement income beginning 20 years from now. Find the lump sum she must deposit today so that $300,000 will be available at time of retirement, if the interest rate is 8%, compounded quarterly. How much must Tanja invest? P=$ $ (Round to the nearest cent as needed.)

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