If an investment company pays 8% compounded quarterly, how much should you deposit now to have $6,000

Question:

If an investment company pays 8% compounded quarterly, how much should you deposit now to have $6,000
(A) 3 years from now?
(B) 6 years from now?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

Question Posted: