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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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​?

Expert avatar
Nash
4.9
84 Answers
The second partner should contribute approximately $14,888.64 in 8 years

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