Reyes Deleon
06/16/2024 · Middle School
f you need \( \$ 50,000 \) five years from now, what is he minimum amount of money you need to deposit into a bank account that pays \( 3 \% \) annual nterest, compounded (give your answers to the fearest cent): (a) annually? \$ (b) monthly? \$ (c) daily (assuming 365 days in a year)? \$
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(a) \$43182.99
(b) \$43066.63
(c) \$43043.56
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