I really need help on these problems 1 A company will need 2

I really need help on these problems.

1) A company will need $25000 in 8 years for a new addition. To meet this goal, the company deposits money in an account today that pays 12% annual interest compounded quarterly. find the amount that should be invested to total $25000 in 8 years

The company should invest $_________

Solution

(1)

We know that

FV= PV (1+r/m)^n*m

Wehere m= number of compounding is done during a year, (m= 4)