Question 1205676
use the calculator at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a> to solve this problem.


inputs are:


present value = 0
future value = 0
number of time periods = 3 year * 4 periods per year = 12 quarters of a year.
interest rate per time period = 8% per year / 4 = 2% per quarter.
payments are made at the end of each time period.


solve for present value to get present value = 13,219.18.


that's how much she needs to invest.


here are the results.


<img src = "http://theo.x10hosting.com/2024/011801.jpg">