What minimum amount will have to be dedicated today to a fund earning 3.4% compounded quarterly,...

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What minimum amount will have to be dedicated today to a fund earning 3.4% compounded quarterly,...

What minimum amount will have to be dedicated today to a fund earning 3.4% compounded quarterly, if the first quarterly payment of $7000 in perpetuity is to occur five years from now? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Amount to be dedicated is $

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What minimum amount will have to be dedicated today to a fund earning 3.4% compounded quarterly,...

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