Use the present value formula to determine the amount to be invested​ now, or the present value needed. The desired accumulated amount is ​$150,000 after 3 years invested in an account with 8​%...

Use the present value formula to determine the amount to be invested​ now, or the present value needed.

The desired accumulated amount is ​$150,000 after 3 years invested in an account with 8​% interest compounded quarterly.
The amount to be invested​ now, or the present value​ needed, is ​$___

Round to the nearest cent as needed