TIME VALUE OF MONEY QUIZ

Suppose you wish to have $20,000 saved by the end of 4 years, and you want to start depositing funds today. You are getting 4% interest, compounded annually. How much to you need to deposit today to meet this goal? Q5. Assume you have 30 years to retire and you deposit $4,000 in an IRA each year earning an average of 7.5%. ................
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