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Discuss how much do i need to deposit in the bank today

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How much do I need to deposit in the bank today at 8% compounded quarterly so that I will have $100,000 one year from today? So on my accounting calculator - 2nd FV - 100,000 4 I/Y 1N CPT PV = $96.153.85 Did I do this problem correctly?

Reference no: EM131759435

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