document.write( "Question 1113633: Best Motors has hired Robert Trent as its new president. Terms included the company’s agreeing to pay retirement benefits of $17,900 at the end of each semiannual period for 12 years. This will begin in 4,015 days. If the money can be invested at 8% compounded semiannually, what must the company deposit today to fulfill its obligation to Robert? \n" ); document.write( "

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Best Motors has hired Robert Trent as its new president. Terms included the company’s agreeing to pay retirement benefits of $17,900 at the end of each semiannual period for 12 years. This will begin in 4,015 days. If the money can be invested at 8% compounded semiannually, what must the company deposit today to fulfill its obligation to Robert?
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If the interest rate of 8% were to remain the same, amount needed to pay out $17,900 every 6 months for 12 years, or for 24 periods, would be: $272,920.64. 
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document.write( "This is your FUTURE VALUE, or the amount needed in 4,065 days, or in 
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document.write( "The PRESENT VALUE, based on a FUTURE VALUE of $272,920.64, an interest rate of 8%, semi-annual compounding periods, and time of 11 years () = .
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document.write( "This is the required deposit, TODAY!! \n" );
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