Question 131379
Let A=1,000,000, r=.097, n=4, t=20 P=principal
.
A=P(1+ r/n)^nt
1000000=P(1+ .097/4)^(4*20)
P=10^6/(1.02425)^100
=10^6/10.9799...
=$91,075.75 Final answer
.
Ed