Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $140,000 after 2 years invested in an account with 8% interest compounded quarterly.

The amount to be invested now, or the present value needed, is $
(Round to the nearest cent as needed.)

The value needed now is $102,296.60

Step-by-step explanation:

Here, we want to calculate the present value needed.

We shall be using the formula for compound interest here

Mathematically;

A = I(1 + r/n)^nt

According to the question;

I is the initial amount which is what we want to calculate

A is the accumulated amount with interest = 140,000

r is the interest rate = 8% = 8/100 = 0.08

n is the number of times interest is compounded which is 4, since it is quarterly

t is the number of years = 2

Substituting these values, we have ;

140,000 = I(1 + 0.08/2)^(4 * 2)

140,000 = I(1.04)^8

I = 140,000/(1.04)^8

I = 102,296.62870027774

Which is I = $102,296.60 to the nearest cent

a box 3 3/4 feet long or 4+ feet.

step-by-step explanation:

answer: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.

step-by-step explanation: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.