Question 764848
Q:
a company will need $45,000 in 6 years for a new addition to meet the goal, the company deposits money in an account that pays 6% annual interest compounded quarterly. Find the amount that should be invested to total $45,000 in 6 years.
The company should invest $???
(round to the nearest dollar as needed)
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A:
{{{45000/(1 + 0.06/4)^((4)(6))}}} = ${{{highlight(31479)}}}