Find the amount that should be invested to total in 5years

Reference no: EM13191341

A company will need $65,000 in 5 years for a new addition. To meet this goal, the deposits money in an account today that pays 7% annual interest compounded quarterly. Find the amount that should be invested to total &65,000 in 5 years.

Reference no: EM13191341

Questions Cloud

Define the mass percentage of the table salt in the mixture : accidentally mixed. A 4.50-g sample is burned, and 2.70 g of CO2(g) is produced. What was the mass percentage of the table salt in the mixture?

What is the principle of powers : What is the principle of powers? Describe in your own words. When solving a radical equation, how do we use the principle of powers to eliminate radicals? Demonstrate with an example.

Estimating the true proportion of college students : Identify the point estimate for estimating the true proportion of college students who prefer that drink.

Could the probability distribution for the number of years : Suppose 20 of a company's employees are randomly and independently sampled and asked if they thought their company president had low ethical standards and their years of experience at the company. Could the probability distribution for the number ..

Find the amount that should be invested to total in 5years : A company will need $65,000 in 5 years for a new addition. To meet this goal, the deposits money in an account today that pays 7% annual interest compounded quarterly. Find the amount that should be invested to total &65,000 in 5 years.

Explain detailed reaction mechanism for the reaction : write the overall equation for the reaction b. Give a detailed reaction mechanism for the reaction showing all steps and intermediates

What must be the amount of the finance charge : what must be the amount of the finance charge? round your answer to the nearest cent.using the information provided what is nick,s account balance.

Total amount produced by the monopolist in equilibrium : Consider an economy in which a monopolistic firm serves two identical, but separate markets, what is the total amount produced by the monopolist in equilibrium?

How far are you from your staring point : You walk 105 yards due south, then 127 yards due west, and then 40 yards due north. How far are you from your staring point?

User Account

All Pages