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Business Math

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Bob and Joy Salkind want to save $50,000 in 5 ½ years for home improvement projects. If the Bank of Aventura is paying 8% interest compounded quarterly, how much must the couple deposit now to have the money for the projects?

  • Business Math - Enough! - ,

    Please do not post any more questions until you've gone back and explained what you don't understand in the previous questions.

  • Business Math - ,

    Ms. Sue Please don't post on the question unless you intend to HELP. Don't need the answer just asking for help with the equation, Thank You!!

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