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Josefina Enterprise wants to accumulate a total sum of $575,000 in a few years. They want to deposit $106,000 today and make additional $7,760 deposits
Josefina Enterprise wants to accumulate a total sum of $575,000 in a few years. They want to deposit $106,000 today and make additional $7,760 deposits at the end of every three months thereafter. How many additional deposits and how long will it take to accumulate the $575,000 if interest rate is 8.07% compounded annually? Enter the future value as a positive value in the FV box below. Enter PV and PMT as positive or negative values based on FV being positive. Report N (number of additional deposits) as a whole number. P/Y= C/Y= N= I/Y= PV=$ PMT=$ FV=$ Report your answer in years and months as whole numbers below
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