How much must you deposit in a bank account today to have $1,000 at the end of 5 years if the bank quotes a rate of 5%, compounded daily? Assume a 365-day year and round your answer
To the nearest dollar.
A)$779
B)$951
C)$784
D)$884

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The Answer of How much must you deposit in a bank account today to have $1,000 at the end of 5 years if the bank quotes a rate of 5%, compounded daily? Assume a 365-day year and round your answer
To the nearest dollar.
A)$779
B)$951
C)$784
D)$884

How Much Must You Deposit in a Bank Account Today