Hi

5% annual interest compounded quarterly. 

In General 

A = Accumulated Amount = 75,000

P= principal = P

r= annual rate = .05

n= periods per year = 4

t= years = 8





= $1730.54 

Answer by MathTherapy(10553)   (Show Source): You can put this solution on YOUR website!
 A company will need $75,000 in 8 years for a new addition.  To meet this goal, the company deposits money in an account today that pays 5% annual interest compounded quarterly.  Find the amount that should be invested to total $75,000 in 8 years





P = , where P = present value; A = future value ($75,000); i or interest (5%, or .05), m = compounding periods per year (4); and t (term, in years) = 8





P = 





P = 





P = 





P = 





P, or present value, or amount to de deposited today to total $75,000 in 8 years = $





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