Question 203103
I'm assuming that you have the correct formula...




{{{2000=P(1.025)^4}}} Start with the given equation.



{{{2000=P(1.103812)}}} Raise 1.025 to the 4th power to get 1.103812



{{{2000/1.103812=P}}} Divide both sides by 1.103812 to isolate "P".



{{{1811.902=P}}} Divide



{{{P=1811.90}}} Rearrange the equation and round to the nearest hundredth (ie to the nearest penny).




So she needs to invest $1,811.90