A client agrees to invest $100,000 three years from now in a business project, and decides to deposit funds today in a bank account that pays 6 percent compound interest annually. How much does the client need to deposit in order to be able invest $100,000 in three years time?
A) $82,000
B) $83,961.93
C) $119101.6
D) $83,748.43

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The Answer of A client agrees to invest $100,000 three years from now in a business project, and decides to deposit funds today in a bank account that pays 6 percent compound interest annually. How much does the client need to deposit in order to be able invest $100,000 in three years time?
A) $82,000
B) $83,961.93
C) $119101.6
D) $83,748.43

A Client Agrees to Invest $100,000 Three Years from Now