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How much must deposit today in an account

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Problem 1: If you wish to accumulate $249,000 in 12 years, how much must you deposit today in an account that pays a quoted annual interest rate of 14% with quarterly compounding of interest?

Reference no: EM132912829

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How much must deposit today in an account : How much must you deposit today in an account that pays a quoted annual interest rate of 14% with quarterly compounding of interest?
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