• anonymous
A company will need $35,000 in 8 years for a new addition. To meet this goal, the company deposits money in an account today that pays 6% annual interest compounded quarterly. Find the amount that should be invested to total$35,000 in 8 years. I know the formula is A=P(1+.06/4)^8 A=35000(1+.015)^8 A=35000(1.015)^8 A=35000(1.1264925866) A=39427 (rounded to nearest dollar) Is this correct?
Mathematics
• Stacey Warren - Expert brainly.com
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SOLVED
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