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two partners agree to invest equal amounts in their business one will contribute 10 000 immediately the other plans to con

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Two partners agree to invest equal amounts in their business. One will contribute $10,000 immediately. The other plans to contribute an equivalent amount in 8 years. How much should she contribute at that time to match her partner's investment now, assuming an interest rate of 5% compounded quarterlyquarterly?

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Answer to a math question Two partners agree to invest equal amounts in their business. One will contribute $10,000 immediately. The other plans to contribute an equivalent amount in 8 years. How much should she contribute at that time to match her partner's investment now, assuming an interest rate of 5% compounded quarterlyquarterly?

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46 Answers

The second partner should contribute approximately $14,888.64 in 8 years

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