Margarite wants to take a trip to Japan in 8 years.She knows she will need about $4,200.How much should she deposit into an account now that pays 3.5% interest,compounded daily,to meet her goal? Round to the nearest dollar.
A) $1,026
B) $1,706
C) $3,174
D) $3,781
Correct Answer:
Verified
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