How much money should a company deposit into an account now so that they will have $50,000 in six years, if the account earns 4% interest, compounded quarterly?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 49E
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How much money should a company deposit into an account now so that they will have $50,000 in six years, if the account earns 4% interest, compounded quarterly? 
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