8 months from now, your organization is planning to purchase new video conferencing equipment for a cost of $12,000. The equipment will have a useful life of 10 years and no salvage value. To pay for it, the organization plans to deposit $4,000 today in an investment account with an annual interest rate of 6.5%. In order to be able to purchase the equipment, the amount of additional money the organization must put in that investment account at the end of each month for 8 months is (select one): A. $1,536.79 B. $149.18 C. $533.90 D. $959.53 E. $42.09 F. $505.08

Explanation:

1. Calculate how much money the $4,000 deposit today will be worth 8 months from now:

Where:

2. Calculate how much additioanl money you will need:

3. Calculate the amount of additional money the organization must put in that investment account, at the end of each month for 8 months, to produce $7,823.34 over the $4,176.66.

Use the formula for the future value, FV, of a constant periodic deposit, D, during n periods at the interest rate i:

answer; /// radio frequency identification;

answer; to open a new transaction, the user should type the code/0 along with a new transaction code, when done with that the user should press enter to open the transaction; good luck;