Question 1139774
{{{ 4*5*2600 = 52000 }}}
{{{ 52000 = A[0]*( 1 + .05/4 )^( 4*5) }}}
{{{ 52000 = A[0]*1.0125^20 }}}
{{{ 52000 = A[0]*1.28204 }}}
{{{ A[0] = 40560.44 }}}
$40,560.44 should be invested now
------------------------------------------
check:
{{{ 52000 = A[0]*1.0125^20 }}}
{{{ 52000 = A[0]*1.28204 }}}
{{{ 52000 = 40560.44*1.28204 }}}
{{{ 52000 = 52000.11 }}}
error due to rounding off
Get a 2nd opinion if needed