A company will need $70,000 in 8 years for a new addition. To meet this goal, the company deposits money in an account today that pays 3% annual interest compounded quarterly. Find the amount that...

See attached photo

Extracted text: A company will need $70,000 in 8 years for a new addition. To meet this goal, the company deposits money in an account today that pays 3% annual interest compounded quarterly. Find the amount that should be invested to total $70,000 in 8 years. The company should investS (Round to the nearest dollar as needed.) Enter your answer in the answer box. OTime Remaining: 01:06:09 Next MacBook Pro F12 F10 F11 F7 F8 吕0 F3 F5 F6 esc F4 F1 F2 & 24 delete 6. 7 8. 9. 1 2 P W E T Y Q tab K F G A S # 3