The optical products division of Panasonic is planning a exist3.5 million building expansion for manufacturing its powerful Lumix DMC digital zoom camera. If the company uses an interest rate of 16% per year, compounded monthly for all new investments, what is the uniform amount per quarter the company must make in order to recover its investment in 5 years?
The uniform amount per quarter that the company must make in order to recover its investment in 5 years is