Compounded quarterly on its investment

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Reference no: EM131818019

Environmental recovery company RexChem Partners plans to finance a site reclamation project that will require a 4-year cleanup period. If the company borrows $4.1 million now, how much will the company have to get at the end of each year in order to earn 15% per year, compounded quarterly on its investment? Calculate the answer using both formula and spreadsheet function?

In order to earn 15% per year compounded quarterly on its investment at the end of each year, the company will have to get $

Reference no: EM131818019

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