How much do you have to deposit today


Problem

You need to have $32,250 in 17 years. You can earn an annual interest rate of 4 percent for the first 5 years. 4.6 percent for the next 4 years and 5.3 percent for the final 8 years. How much do you have to deposit today?

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Finance Basics: How much do you have to deposit today
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