Answer:
$7,825.78
Explanation:
In this question we use the Present value formula that is shown in the attachment below:
Given that,
Future value = $10,000
Rate of interest = 8.2% ÷ 12 months = 0.683333%
NPER = 3 years × 12 months = 36 months
PMT = $0
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the amount of deposit today is $7,825.78
