Alyssa is saving money for a vacation she wants to take five years from now.If the trip will cost $1,000 and she puts her money into a savings account paying 4 percent interest, compounded annually, how much would Alyssa need to deposit today to reach her goal without making further deposits?
A) $961.54
B) $923.75
C) $867.81
D) $821.93
Correct Answer:
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