Asked by Tee

Bob and Joy Salkind want to save $50,000 in 5 ½ years for home improvement projects. If the Bank of Aventura is paying 8% interest compounded quarterly, how much must the couple deposit now to have the money for the projects?
Answered by Ms. Sue
Please do not post any more questions until you've gone back and explained what you don't understand in the previous questions.
Answered by Tee
Ms. Sue Please don't post on the question unless you intend to HELP. Don't need the answer just asking for help with the equation, Thank You!!
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