Quantitative Analysis quizes online urgent

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its about 70Q this is an example of one of the q in one of the quizes:

The CEO of a manufacturing company wants to set up a sinking fund to accumulate funds needed in 3 years for new equipment. The cost is estimated to be $85,000. The board of directors decides to make quarterly deposits at the end of each quarter into a fund earning 8% interest compounded quarterly. Find the amount of each quarterly payment.
 
you will have three attempts for each quiz its an online mulipuble choice q its on my blackboard needed to be done in 24h starting from now has to be scored a 100 in all quizez. 

 

    • 12 years ago
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