Jana is saving to pay off an obligation of $90,000 which will be due in nine years

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Jana is saving to pay off an obligation of $90,000 which will be due in nine years. If the investor is earning 9.5% effective annual interest rate, how much must be deposited as a single deposit now to meet this obligation? If she use simple interest? * (2 Points) $ 48,517.520 $9,132.42 $48,515.520 9,130.42 non of the above