What amount must she deposit today
Problem: Margarita wants to attend Harvard University. She will need $20000 four years from today. If margarita bank pays 8% compounded quarterly. What must she deposit today so that she will have the $20,000 in the future?
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If margarita bank pays 8% compounded quarterly. What must she deposit today so that she will have the $20,000 in the future?
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