Dalia S.

asked • 03/26/14

how much money should the department deposit at the end of each quarter?

The Math department purchased a copy machine for $ 12000. After 5 years, the machine will be worthless. How much money should the department deposit at the end of each quarter, if the money is worth 4% compounded quarterly, in order to save enough to buy a new copy machine at the end of 5 years?

3 Answers By Expert Tutors

By:

Steve S. answered • 03/27/14

Tutor
5 (3)

Tutoring in Precalculus, Trig, and Differential Calculus

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