Giovanni anticipates moving his business back to Italy in 5 years and estimates the cost to be $30,000. His bank recommends that he make an investment today that will pay 6% compounded quarterly to pay for the move. Using the present value table, calculate how much should be invested today to earn $30,000 in 5 years at 6% interest compounded quarterly.

Question

Giovanni anticipates moving his business back to Italy in 5 years and estimates the cost to be $30,000. His bank recommends that he make an investment today that will pay 6% compounded quarterly to pay for the move. Using the present value table, calculate how much should be invested today to earn $30,000 in 5 years at 6% interest compounded quarterly.
Giovanni anticipates moving his business back to Italy in 5 years and estimates the cost to be $30,000. His bank recommends that he make an investment today that will pay 6% compounded quarterly to pay for the move. Using the present value table, calculate how much should be invested today to earn $30,000 in 5 years at 6% interest compounded quarterly.

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The Answer of Giovanni anticipates moving his business back to Italy in 5 years and estimates the cost to be $30,000. His bank recommends that he make an investment today that will pay 6% compounded quarterly to pay for the move. Using the present value table, calculate how much should be invested today to earn $30,000 in 5 years at 6% interest compounded quarterly.

Giovanni Anticipates Moving His Business Back to Italy in 5