Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

تمرين 169

Solve this application problems. Round to the nearest cent.
Solectron needs to purchase new equipment for its production line in 3 years. The company has been advised to deposit $135,000 at the end of each quarter into an account that managers believe will yield 10% per year compounded quarterly. Find the lump sum that could be deposited today that will grow to the same future value. ____________