Question 1177373
Let's break down how to calculate the present value needed.

**Understanding the Problem**

We need to find out how much money the real estate agent needs to deposit *now* so that it grows to $750,000 in 3 years, with a 3% annual interest rate compounded quarterly.

**Calculations**

1.  **Interest Rate per Quarter:**
    * Annual interest rate: 3% = 0.03
    * Quarterly interest rate: 0.03 / 4 = 0.0075

2.  **Number of Quarters:**
    * Number of years: 3
    * Number of quarters: 3 years * 4 quarters/year = 12 quarters

3.  **Present Value Formula:**
    * Present Value (PV) = Future Value (FV) / (1 + interest rate)^number of periods
    * PV = FV / (1 + r)^n

4.  **Plug in the Values:**
    * PV = $750,000 / (1 + 0.0075)^12
    * PV = $750,000 / (1.0075)^12
    * PV = $750,000 / 1.0934433068
    * PV ≈ $685,678.62

**Answer**

The real estate agent should deposit approximately $685,678.62 now.