Finance math. Help..

[Paulareeves123]

A company recently expanded their assembly operations at a cost of
$470,000.
Management expects that the investment will grow at a rate of
14%
per year compounded annually for the next 5 years. Find the future value of the investment. Then find the present value of that amount at a rate of
8%
per year compounded annually.

How much should he deposit today?

 

[Deleted member 4993]

A company recently expanded their assembly operations at a cost of
$470,000.
Management expects that the investment will grow at a rate of
14%
per year compounded annually for the next 5 years. Find the future value of the investment. Then find the present value of that amount at a rate of
8%
per year compounded annually.

How much should he deposit today?

Please show us what you have tried and exactly where you are stuck.

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Please share your work/thoughts about this problem.

 

[JeffM]

A company recently expanded their assembly operations at a cost of
$470,000.
Management expects that the investment will grow at a rate of
14%
per year compounded annually for the next 5 years. Find the future value of the investment. Then find the present value of that amount at a rate of
8%
per year compounded annually.

How much should he deposit today?

The question does not seem to relate to the information. Deposit?