Question: You want to have a $40,000 college fund in 6 years. How much will you have to deposit now in an account with an APR

You want to have a $40,000 college fund in 6 years. How much will you have to deposit now in an account with an APR of 5% and annual compounding? A) $31,930.99 B) $24,949.06 C) $28,949.30 D) $29,848.62

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