Calculate the amount of money that must be deposited today in a savings account that pays 15% annual interest compounded

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answerhappygod
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Calculate the amount of money that must be deposited today in a savings account that pays 15% annual interest compounded

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Calculate the amount of money that must be deposited today in asavings account that pays 15% annual interest compounded quarterly,so that in 3 years you will have accumulated $1,347,154.
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