document.write( "Question 609164: 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 \n" ); document.write( "

Algebra.Com's Answer #383598 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi
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document.write( "5% annual interest compounded quarterly. 
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document.write( "In General 
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document.write( "A = Accumulated Amount = 75,000
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document.write( "P= principal = P
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document.write( "r= annual rate = .05
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document.write( "n= periods per year = 4
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document.write( "t= years = 8
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document.write( "= $1730.54 \n" );
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