THE JOSHUA CO. PLANS ON SAVING MONEY TO BUY SOME NEW EQUIPMENT. THE...

1. The Joshua Co. plans on saving money to buy some new equipment. The

company is opening an account today with a deposit of $15,000 and expects to

earn 4% interest annually. After 3 years, the firm wants to add an additional

$50,000 to the account. If the account continues and earns 4% interest

compounded semi-annually after 3 years, how much money will the Joshua Co.