Question 446300
Principal P =	x												
Amount=	3500												
years=n	4												
compounded	4	times a year											
Rate =	8.00										
Amount =	P*((n+r)/n)^n														
3500	=x*(1+r/n)^n	
3500	=P(1+0.080)/4)^4*4
3500=P(1.02000)^16								
3500/(1.02)^16=	P							
P=	2549.56