Asked by hope

A company will need $35000 in 6 years for a new addition. To meet this goal the company deposits money in an account today that pays 4% annual interest compounded quarterly. Find the amount that should be invested to total $35000 in 6 years. The company should invest $□?

Answers

Answered by Steve
P(1+.04/4)^(4*6) = 35000

Now just solve for P.
There are no AI answers yet. The ability to request AI answers is coming soon!

Related Questions