If you want to have 139128 in 7 years how much money should, Financial Management

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If you want to have 139128 in 7 years how much money should

1. If you want to have $139,128 in 7 years, how much money should you put away in a saving account today? Assume that the savings account pays you 3.0 percent and its compounded annually.

2. What is the present value of the following future amount? $116,349, to be received 7 years from now, discounted back to the present at 4 percent, compounded annually. Round the answer to two decimal places.

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