(Answered) At the end of three 3 years 125000 needs to be in a savings

Engineering

At the end of three (3) years, $125,000 needs to be in a savings account that pays 3 percent interest compounded annually. How much does the financial manager have to deposit in the account today to have the required $125,000 in three (3) years?

• $114,999 • $114,393 • $117,813 • $121,359

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Computer Engineering, Engineering

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