SOLUTION: a company will need $45,000 in 6 years for a new addition to meet the goal, the company deposits money in an account that pays 6% annual interest compounded quarterly. Find the amo
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Question 764848: a company will need $45,000 in 6 years for a new addition to meet the goal, the company deposits money in an account that pays 6% annual interest compounded quarterly. Find the amount that should be invested to total $45,000 in 6 years.
The company should invest $???
(round to the nearest dollar as needed)
Answer by reviewermath(1029) (Show Source): You can put this solution on YOUR website!
Q:
a company will need $45,000 in 6 years for a new addition to meet the goal, the company deposits money in an account that pays 6% annual interest compounded quarterly. Find the amount that should be invested to total $45,000 in 6 years.
The company should invest $???
(round to the nearest dollar as needed)
------------------------------------------------------------------------
A:
= $
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