Question 729570
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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?
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<pre>
It is about finding the present value of the compounded account.


The present value is  {{{10000/(1+0.1/4)^(4*5)}}} = 6102.71  (rounded to the closest cent).    <U>ANSWER</U>
</pre>Solved.