Question: what is the answer to this question. I will also like to see some solutions. You want to withdraw $44,385 from your account at the
what is the answer to this question. I will also like to see some solutions.
You want to withdraw $44,385 from your account at the end of one year and $49,059 at the end of the second year. How much should you deposit in your account today so that you can make these withdrawals? Your account pays 9 percent p.a. (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85).
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