Question 1006571
Future Value= Present Value(1+rt)where: 
r= interest rate
t= number of years
364= PV(1+0.04(1))=
364= PV(1+0.04)=
364= PV(1.04) Divide both sides by 1.04:
PV= 364/1.04=
PV= 350 is how much was originally invested.