document.write( "Question 676726: Anthony invested a sum of money 6 yr ago in a savings account that has since paid interest at the rate of 7%/year compounded quarterly. His investment is now worth $19,713.77. How much did he originally invest? Please round the answer to the nearest cent.
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Algebra.Com's Answer #420481 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

 
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document.write( "Hi
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document.write( " In General 
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document.write( "A = Accumulated Amount 19713.77
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document.write( "P= principal = 
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document.write( "r= annual rate = .07
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document.write( "n= periods per year = 4
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document.write( "t= years = 6
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document.write( " $19,713.77/1.5164 = P = $13,000.01 \n" );
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