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3. How much do you need to deposit in your saving account in today’s money, which...

3. How much do you need to deposit in your saving account in today’s money, which earns 10% compound interest, to be able to collect $8,574.35 in 8 years? Solve this problem using the mathematical method showing all steps. Then solve the problem using Excel present value (PV) calculations (show the changes in saving over all 8 years)

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