i = .07/4 = .0175
n = 7(4) = 28
x(1.0175)^28 = 30000
x = 30000/1.0175^28 = $ 18456.85
a company will need $30.000 in 7 years for a new addition. To meat this goal the company deposits money in an account today that pays 7% annual interest compounded quarterly.
find the amount that should be invested to total $30.000 in 7 years?
2 answers
Post it.