Suppose you want $1,500 for a down payment for a car in 3 years. If...

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Accounting

Suppose you want $1,500 for a down payment for a car in 3 years. If your bank offers you 4% interest rate per year, how much would you have to deposit today to reach your goal? (round your answer up to two decimal points)
$1,333.49
$1,687.30
$41.67
$500

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