How much money must you put in a savings account today

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Reference no: EM132052474

Problem

If you want to have $875 in 36 months, how much money must you put in a savings account today? Assume that the savings account pays 16% and it is compounded quarterly. Need solutions for excel and financial calculator.

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132052474

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