Please do not work this problem in excel thank you in advance. Sal's Sandwiches will need to replace the roof in 5 years. Sal thinks it will cost $12,000 to replace the roof. How much should Sal...

Please do not work this problem in excel thank you in advance.

Sal's Sandwiches will need to replace the roof in 5 years. Sal thinks it will cost $12,000 to replace the roof. How much should Sal deposit now at 6.24% compounded quarterly to pay for the roof in 5 years?