1)Using an interest rate of $4.5% compounded monthly, how much does a company need to deposit now, such that they have the ability to withdaw $5,000 at the start of each quarter and have $50,000 left over in 15 years?

2)Given an interest rate of 2.8% compounded quarterly, what amount is required to be deposited today along with semi-annual contributions of $2,500 such that the cumulative balance in 15 years is $250,000?

For example $12,345.67 Answer: A contract between two parties (company A & B) was created such that in return for equipment A would prou