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Compute the amount that neil must deposit now for investment

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Problem 1: Nesbitt Inc. wishes to have $200,000 in three years. Neil Nesbitt, the CFO, has found an investment that will pay a 6% compound rate of interest. Compute the amount that Neil must deposit now for the investment to be worth $200,000 three years from now.

a. $200,000
b. $188,000
c. $164,000
d. $167,924

Reference no: EM132729551

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