please solve with details

Problem 2. a The company treasurer has to make a $5 Million payment on lawsuit in seven years. The company lost the lawsuit and the lawsuit has various repercussions for the company. The in house attorney has stated that the company needs to place the funds in a separate account. The treasurer has struck a deal with the company's brokerage group. If the company places funds in the account, the brokerage will invest the funds in an instrument that guarantees the company a 3% annual compounded rate. The treasurer asks you to tell him how much money he needs to invest with the brokerage today so that after seven years the account will have the $5 Million in it