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...

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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 invest $ (Round to the nearest dollar as needed.) Enter your answer in the answer box. O Time Remaining: 01:56:44 Next MacBook Pro F11 F12 COO F8 F9 F10 F7 吕口 F3 F5 F6 F4 esc F1 F2 & @ $ delete 8 9. 6. 1 2 W E R Y Q tab J K L G FL # 3