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

تمرين 57

Solve the following application problems using 360-day years where applicable.
Waterford Landscaping lost a lawsuit and must pay the injured party $3500 at the end of each quarter for 1 year. If funds earn 8 compounded quarterly, find the amount that needs to be set aside today to fulfill this obligation.