Question 805387: a company will need $25000 in 6 years for a new addition. To meet this goal, the company deposits money in an account today that pays 3% annual interest compounded quarterly. Find the amount that should be invested to total $25000 in 6 years.
Answer by MathTherapy(10553)   (Show Source):
You can put this solution on YOUR website! a company will need $25000 in 6 years for a new addition. To meet this goal, the company deposits money in an account today that pays 3% annual interest compounded quarterly. Find the amount that should be invested to total $25000 in 6 years.
P, or principal to be invested = $
You can do the check!!
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