Allatto Auto Repair belicves that it will nexed new equipment in 10 years. The equipment will cost $26,000. How much should be invested today at 8% compounded quarterly, to yield the $26,000 in 10 ycars?

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13-06-2024
Mathematics

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Allatto Auto Repair belicves that it will nexed new equipment in 10 years. The equipment will cost $26,000. How much should be invested today at 8% compounded quarterly, to yield the $26,000 in 10 ycars?

Sagot :

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