What lump sum should be deposited in an account that will earn at an annual rate of 8%, compounded quarterly, to grow to $160,000 for retirement in 30 years?     $15,094.34     $15,900.37     $14,862.76     $47,058.82     $14,630.94

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A: please comment if you need any clarification. If you find my answer useful please put thumbs up.…

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $421 per month…

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