Compounded annually to reach your goal

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Suppose you want to have $2,000 saved in 4 years. How much do you need to deposit now in an account that earns 4% compounded annually to reach your goal?

Reference no: EM13882036

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Compounded annually to reach your goal : Suppose you want to have $2,000 saved in 4 years. How much do you need to deposit now in an account that earns 4% compounded annually to reach your goal?
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