A company will need $55 comma 000

55,000 in 5

5 years for a new addition. To meet thisgoal, the company deposits money in an account today that pays 10

10% annual interest compounded quarterly. Find the amount that should be invested to total $55 comma 000

55,000 in 5

5 years.

The company should invest $

nothing

.

In the final answer can you round to the nearest dollar if needed.