(solution) You will need $12,000 at the end of each of the next four years.

(solution) You will need $12,000 at the end of each of the next four years.

You will need $12,000 at the end of each of the next four years. If an interest rate of 6% is appropriate, how much must you deposit today to receive these payments?If you give the correct answer, but I cannot see how you came up with the number, you will not get credit for your answer.  I must be able to see how you reached your answer.