document.write( "Question 729570: A firm anticipates a capital expenditure of $10,000 for new equipment in 5 years. How much should be deposited quarterly in an account earning 10 % interest per year, compounded quarterly to provide for the purchase? \n" ); document.write( "

Algebra.Com's Answer #853147 by ikleyn(53419) $\"\"$ $\"About$

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\n" ); document.write( "A firm anticipates a capital expenditure of $10,000 for new equipment in 5 years.
\n" ); document.write( "How much should be deposited quarterly in an account earning 10 % interest per year,
\n" ); document.write( "compounded quarterly to provide for the purchase?
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document.write( "It is about finding the present value of the compounded account.\r\n" );
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document.write( "The present value is   = 6102.71  (rounded to the closest cent).    ANSWER\r\n" );
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Solved.\r
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