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You are required to make 3 future payments: $1,350 in 2 years from now, $8,050 in 5 years fromnow and $11,225 in 8 years from
You are required to make 3 future payments: $1,350 in 2 years from now, $8,050 in 5 years fromnow and $11,225 in 8 years from now. Determine the amount of money you need to invest now(rounded off to the nearest dollar) to achieve your goals, given the following information: the fundpays 2.8% annually and the interest is compounded every 3 months.
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